G2TT
来源类型Discussion paper
规范类型论文
来源IDDP14612
DP14612 On the Optimal "Lockdown" During an Epidemic
Martin Gonzalez-Eiras; Dirk Niepelt
发表日期2020-04-14
出版年2020
语种英语
摘要We embed a lockdown choice in a simplified epidemiological model and derive formulas for the optimal lockdown intensity and duration. The optimal policy reflects the rate of time preference, epidemiological factors, the hazard rate of vaccine discovery, learning effects in the health care sector, and the severity of output losses due to a lockdown. In our baseline specification a Covid-19 shock as currently experienced by the US optimally triggers a reduction in economic activity by two thirds, for about 50 days, or approximately 9.5 percent of annual GDP.
主题Macroeconomics and Growth ; Public Economics
关键词Epidemic Pandemic Lockdown Social distancing Production shortfall Health care system Covid-19 Sir model Logistic model
URLhttps://cepr.org/publications/dp14612
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/543522
推荐引用方式
GB/T 7714
Martin Gonzalez-Eiras,Dirk Niepelt. DP14612 On the Optimal "Lockdown" During an Epidemic. 2020.
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