September 2020

My work with Ben Moll and Gianluca Violante on the distributional consequences of alternative policy responses to the COVID-19 pandemic “The Great Lockdown and the Big Stimulus: Tracing the Pandemic Possibility Frontier for the U.S.” is now available as a BFI working paper here. We have also produced a non-technical summary of the paper, and summaries of corollary output on exposure and vulnerability to the pandemic by occupation, the economic welfare effects of the CARES Act, and taxation-based alternatives to lockdowns.