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Open access
Datum
2021-06Typ
- Working Paper
ETH Bibliographie
yes
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Abstract
We study the interplay of non-pharmaceutical containment measures, human behavior, and the spread of COVID-19 in Switzerland. First, we collect sub-national data and construct indices that capture the stringency of containment measures at the cantonal level. Second, we use a vector autoregressive (VAR) model to analyze feedback effects between our variables of interest via structural impulse responses. Our results suggest that increases in the stringency of containment measures lead to a significant reduction of weekly infections as well as debit card transactions, which serve as a proxy for behavioral changes in the population. Furthermore, analyzing different policy measures individually shows that business closures, recommendations to work from home, and restrictions on gatherings have been particularly effective in containing the spread of COVID-19 in Switzerland. Finally, our findings indicate a sizeable voluntary reduction in debit card transactions in response to a positive infection shock. Mehr anzeigen
Persistenter Link
https://doi.org/10.3929/ethz-b-000493408Publikationsstatus
publishedZeitschrift / Serie
KOF Working PapersBand
Verlag
KOF Swiss Economic Institute, ETH ZurichThema
COVID-19; Reproduction Rate; Stringency; SwitzerlandOrganisationseinheit
02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
03716 - Sturm, Jan-Egbert / Sturm, Jan-Egbert
06330 - KOF FB Konjunktur / KOF Macroeconomic forecasting
Zugehörige Publikationen und Daten
Is previous version of: https://doi.org/10.3929/ethz-b-000534170
ETH Bibliographie
yes
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