Viral Acharya talks to Tim Phillips about estimating the value of a COVID-19 cure using the behaviour of stock prices and a novel vaccine progress indicator. The value of a cure is worth between 5% and 15% of wealth and rises substantially with uncertainty surrounding the frequency and duration of the pandemic.
You can read the Covid economics Paper discussed, here: Covid Economics 61: 1–72.
Duur: 31:09 min.
Publicatie 25 januari
C V Starr Professor of Economics, Department of Finance, Stern School of Business, New York University and Former Director of the CEPR Financial Economics Programme
There is no “pandemic”; there is not even an “epidemic”; 99,x% are not affected.
There are fairly good medicine.