NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Pandemic Lockdown: The Role of Government Commitment

Christian A. Moser, Pierre Yared

NBER Working Paper No. 27062
Issued in April 2020, Revised in May 2020

---- Acknowledgments ----

We thank Andy Atkeson, Andrés Drenik, Émilien Gouin-Bonenfant, Rick Mishkin, Ben Moll, Trish Mosser, Tommaso Porzio, Jesse Schreger, Steve Zeldes, and seminar participants at Columbia University for helpful comments. Rachel Williams provided excellent research assistance. Any errors are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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