Lockdown 101: Managing economic lockdowns in an epidemic

Autor:	Emanuel Ornelas
Rok vydání:	2020
Předmět:	Public economics Coronavirus disease 2019 (COVID-19) Economic cost Pandemic Key (cryptography) Business Health benefits
Zdroj:	Revista do Serviço Público. 71:4-21
ISSN:	2357-8017 0034-9240
DOI:	10.21874/rsp.v71i0.4879
Popis:	Countries worldwide have implemented lockdown measures to contain the covid-19 pandemic. After more than three months of restrictions to economic activities in many countries, the question has turned to the best ways to lift lockdowns while keeping the epidemic in check. Here I use basic economic principles to shed light on the key tradeoffs. A central message is that there is no “health vs. economics” dichotomy. Rather, some degree of lockdown is typically optimal in crisis like this, balancing its economic costs against its health benefits. Moreover, the optimal lockdown is dynamic, changes over time and eventually becomes more lenient, although the path is not necessarily monotonic.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::0cfdc73c8ceed097a15b229864834632 https://doi.org/10.21874/rsp.v71i0.4879 Zobrazit plný text záznamu