Covid-19 simulations for US & UK:
imperial.ac.uk/media/imperial…
Many conclusions not new though numbers still crazy, eg low red line in 1st graph = max ICU capacity.
To me long-run scenarios most striking though. Economists, what should policy response be w cycles in 2nd graph?
imperial.ac.uk/media/imperial…
Many conclusions not new though numbers still crazy, eg low red line in 1st graph = max ICU capacity.
To me long-run scenarios most striking though. Economists, what should policy response be w cycles in 2nd graph?
@R2Rsquared @christianbaye13 @pogourinchas @BachmannRudi @bornecon
As far as I can tell, your and others' economic policy advice assumes single-peaked epidemic scenario.
What if epidemic cycles? Same policies for longer? Or should the policies also cycle?
As far as I can tell, your and others' economic policy advice assumes single-peaked epidemic scenario.
What if epidemic cycles? Same policies for longer? Or should the policies also cycle?
Clarification: "what should policy response be w cycles in 2nd graph" should have said "what should *economic* policy response be" eg how structure liquidity injections to firms and households?
Another clarification: the cycles above come from lockdown followed by relaxation followed by lockdown etc.
The question is: should policies like liquidity injections cycle with the lockdowns? Or should we have a more permanent solution?
The question is: should policies like liquidity injections cycle with the lockdowns? Or should we have a more permanent solution?
