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We are grateful to Naihan Yang for excellent research assistance. We would like to thank anonymous referees for COVID economics, Francesca Caselli, Chiara Fratto, Francesco Grigoli, and, Mico Mrkaic, Chris Redl, Damiano Sandri, Yunhui Zhao, and seminar participants at the IMF for helpful comments and suggestions. An earlier version of this paper was published in Covid Economics and is available here: https://cepr.org/sites/default/files/news/CovidEconomics19.pdf#Paper2
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Similar results are obtained when using alternative thresholds.
The percent effects reported in the text are computed as
https://www.cebm.net/covid-19/do-weather-conditions-influence-the-transmission-of-the-coronavirus-sars-cov-2/ https://www.medrxiv.org/content/10.1101/2020.02.13.20022806v2 https://www.medrxiv.org/content/10.1101/2020.02.22.20025791v1 https://www.medrxiv.org/content/10.1101/2020.03.12.20034728v3
Similar results are obtained for the individual sub-indices of the Global Health Security Index.