Table 1.

Health and Economic Outcomes of COVID-19 Crisis.

	Cases %	Deaths %	Deaths mil.	Peak weeks	Labor %	Consumption %	Openness %	Welfare %
Baseline	47.39	0.47	1.31	17	$-$4.06	$-$4.21	$-$3.58	$-$48.96
Isolated	42.11	0.42	1.17	16	$-$3.42			43.47
Non-behavioral	51.86	0.52	1.44	17	0.00	$-$0.26	$-$0.65	51.17

Table 1 reports the model-implied outcomes for the entire US economy for different parameterizations. Cases and Deaths (%) correspond to the cumulative number of cases and deaths, respectively, at the end of the pandemic as percentage of the initial population. Deaths (mil.) reports the cumulative number of deaths. Cases Peak reports the number of weeks since the beginning of the pandemic when the economy reached the peak of number of cases. Labor, Consumption and Openness reports the average percentage decline in the number of hours worked, aggregate consumption and openness, respectively, in the two years after the onset of the pandemic. Welfare correspond to the percentage difference between welfare induced by the pandemic and welfare in absence of the pandemic.