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An integrated agent-based economic and epidemiological model of the COVID-19 pandemic.

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ETACE ACE-COVID19

Version: July 2021

This is the source code of the ace_covid19 model. The economic part is partly based on the EURACE@Unibi model, a large-scale agent-based macroeconomic model. In light of the COVID-19 pandemic, we implement social interactions among agents to model the spread of the COVID-19 disease. This allows us to analyze the effect of the different lockdown policies and reopening strategies on economic variables like GDP, public expenditures, bankruptcies or unemployment rates, as well as epidemiological effects (number of infected individuals, casualties) in an integrated model.

Getting Started

These instructions will allow you to run the model on your system.

System Requirements and Installation

To run the code you need to install Julia (v1.4.1). Additionally, the following packages need to be installed:

In order to install a package, start julia and execute the following command:

using Pkg; Pkg.add("<package name>")

A typical installation on desktop computer takes about 15 minutes. The code has been tested on Microsoft Windows 10, Ubuntu Server 16.04 LTS and macOS Catalina 10.15.5.

Running The Model

The model is implemented in covid_model.jl. In covid_par_ini.jl, the initial values and parameters are set. The simulation can be started from a snapshot, which needs to be specified in the covid_par_ini.jl-file. A snapshot with 100.000 household agents can be found in the root folder (snapshot100kr1.dat).

The user can specify a set of policies that will be activated at certain point in time during the simulation. The policies have to be implemented in specific policy-files and added to covid_par_ini.jl.

To run one simulation, use the command

julia covid_main.jl

A typical run on a normal desktop computer takes about 30 minutes.

To conduct different experiments and execute several runs of the model (batches) in parallel, setup your covid_par_ini.jl-files in a dedicated experiment folders and run

julia -p <no_cpus> covid_run_exp.jl <folder> <no_batches>

to execute a certain experiment. The simulation data of all runs will be stored in batchdata.dat. For an example on how to create plots from this file, see covid_plot_exp.jl.

Replication

All covid_par_ini.jl and batchdata.dat files used to create the figures and tables in the first working paper (June 2020) and second working paper (February 2021) can be found in the data/working_paper/ and data/working_paper_2/ folders. Data Our latest results (corresponding to the version of the paper from July 2021) are located in the data/ folder.

We use the following files located in the root folder to encode different policies (latest results):

  • policy_lockdown_2.jl - The baseline lockdown policy.
  • policy_open_2.jl - Baseline policy after lockdown.
  • policy_allout.jl - Policy after vaccine becomes available (terminates all measures).

To vary the policy intensity (e.g. extend of business closures), we use the parameters alpha_lockdown and alpha_open.

For the results from the second working paper, we used the following policy files:

  • policy_lockdown_bailout.jl - The baseline lockdown policy.
  • policy_open.jl - Baseline policy after lockdown.
  • policy_allout.jl - Policy after vaccine becomes available (terminates all measures).

For the results from the first working paper, we used the following policy files:

  • policy_baseline.jl - The baseline lockdown policy.
  • policy_baseline_end.jl - Baseline policy after lockdown.
  • policy_baseline_end_xi0.5.jl - Baseline policy after lockdown with higher infection probability
  • policy_bailout.jl - lockdown policy including bailout schemes.
  • policy_alpha.jl - Lockdown policy with more or less severe restrictions on economic activity (alpha parameter).
  • policy_bailout_alpha.jl - Lockdown policy with more or less severe restrictions on economic activity (alpha parameter) and bailout schemes.
  • policy_good_xi0.5.jl - Policy after lockdown with partial economic restrictions and higher infection probability.
  • policy_only_xi - Lockdown policy implementing individual preventive measures only.
  • policy_only_xi_ho - Lockdown policy implementing individual preventive measures and working at home only.

Data Creation

To reproduce the results from the paper by re-simulating the model use the folder structure and covid_par_ini.jl files in the data folder. The covid_par_ini.jl file for e.g. the baseline is located in the data/baseline_GER/ folder. In order to create a batch of 20 runs, execute

julia -p <no_cpus> covid_run_exp.jl data/baseline_GER/ 20

from the root folder. The simulation results will be stored in data/baseline_GER/batchdata.dat.

Plotting

The plotting files are located in the plot_files folder. To plot all figures, use the command

julia create_plots.jl

Figures are stored in the figures folder. Data is taken from the folder data.

Statistical Testing

The file to perform the statistical tests is located in the stat_tests/ folder. Use the command

julia execute_tests.jl

to create text files, which contains the results of all statistical tests.

Empirical Data

We make use of empirical data from the Johns Hopkins University for the number of infected and the number of casualties. The number of infected and the number of casualties has been adjusted by the detection rate and has been scaled to a population of 100.000. R0 is calculated from this data following Robert Koch Institut's methodology which is available in all the daily reports. The adjusted data is stored in emp_traj.jl in the root folder.

Authors

Alessandro Basurto, Herbert Dawid, Philipp Harting, Jasper Hepp, Dirk Kohlweyer

Further Links

  • Basurto et al. 2020 - Basurto, A., Dawid, H., Harting, P., Hepp, J., Kohlweyer, D. (2020). Economic and Epidemic Implications of Virus Containment Policies: Insights from Agent-Based Simulations
  • ETACE - Chair for Economic Theory and Computational Economics
  • EURACE@Unibi - description of the EURACE@Unibi model
  • Dawid et al. 2019 - Dawid, H., Harting, P., van der Hoog, S., & Neugart, M. (2019). Macroeconomics with heterogeneous agent models: Fostering transparency, reproducibility and replication. Journal of Evolutionary Economics.

License

This project is licensed under the MIT License - see the LICENSE file for details.

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An integrated agent-based economic and epidemiological model of the COVID-19 pandemic.

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