A Simple Planning Problem for COVID-19 Lock-down, Testing, and Tracing
A Simple Planning Problem for COVID-19 Lock-down, Testing, and Tracing
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DOI:
10.1257/aeri.20200201
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发表时间:
2021-09-01
影响因子:
8.5
通讯作者:
Lippi, Francesco
中科院分区:
文献类型:
--
作者:
Alvarez, Fernando;Argente, David;Lippi, Francesco
We study the optimal lock-down for a planner who controls the fatalities of COVID-19 while minimizing the output costs of the lockdown. The policy prescribes a severe lock-down beginning a few weeks after the outbreak, covering almost 50 percent of the population after a month, with a total duration shy of 4 months. The intensity of the optimal lock-down depends on the gradient of the fatality rate with respect to the infected and the availability of antibody testing, which yields a welfare gain of 2 percent of GDP. We also study test-tracing-quarantine, which we show to be complementary to lock-down.