Author: Omer Karin; Yinon M. Bar-On; Tomer Milo; Itay Katzir; Avi Mayo; Yael Korem; Boaz Dudovich; Amos J. Zehavi; Nadav Davidovich; Ron Milo; Uri Alon
Title: Adaptive cyclic exit strategies from lockdown to suppress COVID-19 and allow economic activity Document date: 2020_4_7
ID: 5xfgmi2n_76
Snippet: On the demand side, layoffs predictably lead to a decline in consumer buying power and a depression of aggregate demand. In contrast, the employed not only have higher income then the unemployed, they also have more confidence in their future income flow. This confidence implies that they are less likely than the unemployed to defer consumption to a later date because they fear that their income sources would dry up......
Document: On the demand side, layoffs predictably lead to a decline in consumer buying power and a depression of aggregate demand. In contrast, the employed not only have higher income then the unemployed, they also have more confidence in their future income flow. This confidence implies that they are less likely than the unemployed to defer consumption to a later date because they fear that their income sources would dry up.
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