ABSTRACT

How Strongly Are Local Economies Tied to COVID-19?   [open pdf - 0B]

From the Document: "The relationship between economic activity and local COVID-19 [coronavirus disease 2019] conditions--infections and deaths--has changed over time. While activity was strongly tied to local virus conditions during the first six to nine months of the pandemic, they decoupled in late 2020 through the first half of 2021. This link strengthened again in the third quarter of 2021, particularly for highly vaccinated counties. One possible interpretation of this restrengthening is that areas with high vaccination rates have heightened virus risk aversion and hence high sensitivity to changes in local virus conditions."

Report Number:
FRBSF Economic Letter 2021-30; Federal Reserve Bank of San Francisco Economic Letter 2021-30
Author:
Publisher:
Date:
2021-11-15
Series:
Copyright:
2021 Federal Reserve Bank of San Francisco
Retrieved From:
Federal Reserve Bank of San Francisco: https://www.frbsf.org/
Media Type:
application/pdf
URL:
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