Table 6.

Calibration summary

Parameter	Source	Value | Description
${\alpha }_g^j$	Thissen et al. (2019)	Share of sector j in total consumption expenditure in location g
${\gamma }_g^j$	Thissen et al. (2019)	Share of value added in gross output
${\gamma }_g^{\mathit{kj}}$	Thissen et al. (2019)	Input–output coefficients
${\theta }^j,{\mathrm{\Theta }}^j$	Thissen et al. (2019) and Persyn et al. (2020)	Gravity equation estimation
${\mathrm{\Lambda }}_g$	Dingel and Neiman (2020)	Estimated using data on who can work from home and trade shares
$\kappa$	Eichenbaum et al. (2021)	0.17 | Average infection rate related to work
$\varphi$	Fernández-Villaverde and Jones (2022)	0.125 | Average infections per period. Then $1/\varphi =8$ days
$\xi$	Fernández-Villaverde and Jones (2022)	0.143 | Average number of days to resolve. Then, $1/\xi =7$ days
$\delta$	Fernández-Villaverde and Jones (2022)	0.01 | Average fatality rate
${\lambda }_g$	Direct data on vaccinations	Estimated by regions
${\alpha }^V$	Several sources	0.159 | Evidence on vaccine effectiveness
${\alpha }^C$	Several sources	0.168 | Evidence on reinfection rates
${\rho }_g$	Fernández-Villaverde and Jones (2022)	Time varying infection rate calibrated as a residual using the model