Implications of Stochastic Transmission Rates for Managing Pandemic Risks
NBER Working Paper No. 27218
---- Acknowledgments ----
We thank Ralph Koijen (Editor), two anonymous referees, Patrick Bolton, Ing-Haw Cheng, Marcin Kacperczyk, Jeﬀrey Kubik, Harry Mamaysky, Sen Pei, Bob Pindyck, Tom Sargent, Stijn Van Nieuwerburgh, Laura Veldkamp, and seminar participants at Columbia COVID-19 Virtual Symposium, Columbia Finance, and Imperial College London for helpful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.