Optimal Trade-Off Between Economic Activity and Health During an Epidemic

Forskningsoutput: Övriga bidragWebbpublicering/bloggpost

Abstract

Thispaperconsidersasimplemodelwhereasocialplannercaninfluencethespread-intensity of an infection wave, and, consequently, also the economic activity and population health, throughasingleparameter. Populationhealthisassumedtoonlybenegativelyaffectedwhen thenumberofsimultaneouslyinfectedexceedshealthcarecapacity. Themainfindingisthat if (i) the planner attaches a positive weight on economic activity and (ii) it is more harmful for the economy to be locked down for longer than shorter time periods, then the optimal policy is to (weakly) exceed health care capacity at some time.

Detaljer

Författare
Enheter & grupper
Externa organisationer
  • University of Essex
  • Uppsala universitet
  • Stockholm School of Economics
Forskningsområden

Ämnesklassifikation (UKÄ) – OBLIGATORISK

  • Nationalekonomi

Nyckelord

Originalspråkengelska
Kort beskrivningWorking paper
Antal sidor12
StatusUnpublished - 2020 maj 18
PublikationskategoriForskning
Peer review utfördNej