Author: Dorn, F.; Khailaie, S.; Stoeckli, M.; Binder, S. C.; Lange, B.; Lautenbacher, S.; Peichl, A.; Vanella, P.; Wollmershaeuser, T.; Fuest, C.; Meyer-Hermann, M.
Title: The Common Interests of Health Protection and theEconomy: Evidence from Scenario Calculations ofCOVID-19 Containment Policies Cord-id: 89saaqwp Document date: 2020_8_16
ID: 89saaqwp
Snippet: Several countries use shutdown strategies to contain the spread of the COVID-19 epidemic, at the expense of massive economic costs. While this suggests a conflict between health protection and economic objectives, we examine whether the economically optimal exit strategy can be reconciled with the containment of the epidemic. We use a novel combination of epidemiological and economic simulations for scenario calculations based on empirical evidence from Germany. Our findings suggest that a prude
Document: Several countries use shutdown strategies to contain the spread of the COVID-19 epidemic, at the expense of massive economic costs. While this suggests a conflict between health protection and economic objectives, we examine whether the economically optimal exit strategy can be reconciled with the containment of the epidemic. We use a novel combination of epidemiological and economic simulations for scenario calculations based on empirical evidence from Germany. Our findings suggest that a prudent opening is economically optimal, whereas costs are higher for a more extensive opening process. This rejects the view that there is a conflict with health protection. Instead, it is in the common interest of public health and the economy to relax non-pharmaceutical interventions in a manner that keeps the epidemic under control.
Search related documents:
Co phrase search for related documents, hyperlinks ordered by date