Lockdown 101: Managing economic lockdowns in an epidemic

Autores

  • Emanuel Ornelas Sao Paulo School of Economics - FGV

DOI:

https://doi.org/10.21874/rsp.v71i0.4879

Palavras-chave:

Pandemic, Covid-19, optimal policies

Resumo

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.

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Publicado

2020-07-13

Como Citar

Ornelas, E. (2020). Lockdown 101: Managing economic lockdowns in an epidemic. Revista Do Serviço Público, 71, 4-21. https://doi.org/10.21874/rsp.v71i0.4879

Edição

Seção

Special: Governments and Covid-19