Integrated assessment of epidemic and economic dynamics / Oliver Holtemöller
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Discovery
1694465632
URN
urn:nbn:de:gbv:3:2-119677
DOI
ISBN
ISSN
Autorin / Autor
Beiträger
Körperschaft
Erschienen
Halle (Saale), Germany : Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, April 9, 2020
Umfang
1 Online-Ressource (III, 15 Seiten, 1,1 MB) : Illustration, Diagramme
Ausgabevermerk
Sprache
eng
Anmerkungen
Inhaltliche Zusammenfassung
In this paper, a simple integrated model for the joint assessment of epidemic and economic dynamics is developed. The model can be used to discuss mitigation policies like shutdown and testing. Since epidemics cause output losses due to a reduced labor force, temporarily reducing economic activity in order to prevent future losses can be welfare enhancing. Mitigation policies help to keep the number of people requiring intensive medical care below the capacity of the health system. The optimal policy is a mixture of temporary partial shutdown and intensive testing and isolation of infectious persons for an extended period of time.
Schriftenreihe
IWH-Diskussionspapiere ; 2020, no. 4 (April 2020) ppn:837399270