The DOI matches its Crossref record; 25 of the 25 references it cites were found in a registry or an index.
Optimal Targeted Lockdowns in a Multi-Group SIR Model
Abstract
We study targeted lockdowns in a multi-group SIR model where infection, hospitalization and fatality rates vary between groups-in particular between the "young", "the middle-aged" and the "old".Our model enables a tractable quantitative analysis of optimal policy.For baseline parameter values for the COVID-19 pandemic applied to the US, we find that optimal policies differentially targeting risk/age groups significantly outperform optimal uniform policies and most of the gains can be realized by having stricter lockdown policies on the oldest group.Intuitively, a strict and long lockdown for the most vulnerable group both reduces infections and enables less strict lockdowns for the lower-risk groups.We also study the impacts of group distancing, testing and contract tracing, the matching technology and the expected arrival time of a vaccine on optimal policies.Overall, targeted policies that are combined with measures that reduce interactions between groups and increase testing and isolation of the infected can minimize both economic losses and deaths in our model.
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Cites
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How many jobs can be done at home?
Dingel, J. I., & Neiman, B. (2020) · Journal of Public Economics · doi:10.1016/j.jpubeco.2020.104235 · Cited by 2,055
Aggregate Demand Management in Search Equilibrium
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How should pathogen transmission be modelled?
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What Will Be the Economic Impact of COVID-19 in the US? Rough Estimates of Disease Scenarios
Atkeson, A. (2020) · National Bureau of Economic Research · doi:10.3386/w26867 · Cited by 888
A Simple Planning Problem for COVID-19 Lockdown
Alvarez, F., Argente, D., & Lippi, F. (2020) · SSRN Electronic Journal · doi:10.2139/ssrn.3569911 · Cited by 725
The Macroeconomics of Epidemics
Eichenbaum, M. S., Rebelo, S., & Trabandt, M. (2021) · The Review of Financial Studies · doi:10.1093/rfs/hhab040 · Cited by 517
Internal and external effects of social distancing in a pandemic
Farboodi, M., Jarosch, G., & Shimer, R. (2021) · Journal of Economic Theory · doi:10.1016/j.jet.2021.105293 · Cited by 283
Cited by
A literature review of the economics of COVID-19
Brodeur, A., Gray, D., Islam, A., & Bhuiyan, S. (2021) · Journal of Economic Surveys · doi:10.1111/joes.12423 · Cited by 976
Levin, A. T., Hanage, W. P., Owusu-Boaitey, N., Cochran, K. B., Walsh, S. P., & Meyerowitz-Katz, G. (2020) · European Journal of Epidemiology · doi:10.1007/s10654-020-00698-1 · Cited by 844
Causal impact of masks, policies, behavior on early COVID-19 pandemic in the U.S
Chernozhukov, V., Kasahara, H., & Schrimpf, P. (2021) · Journal of Econometrics · doi:10.1016/j.jeconom.2020.09.003 · Cited by 403
Self-citationThe Economic Effects of COVID-19 Containment Measures
Deb, P., Furceri, D., Ostry, J. D., & Tawk, N. (2022) · Open Economies Review · doi:10.1007/s11079-021-09638-2 · Cited by 339
Internal and External Effects of Social Distancing in a Pandemic
Farboodi, M., Jarosch, G., & Shimer, R. (2020) · doi:10.3386/w27059 · Cited by 270
Metadata
- Authors
- Acemoglu, D., Chernozhukov, V., Werning, I., & Whinston, M.
- Venue
- National Bureau of Economic Research
- Publisher
- National Bureau of Economic Research
- Published
- 2020-05
- OpenAlex
- W3030106290
- Cited by
- 490
- References
- 25
- Type
- report
- Language
- en
- Open access
- closed
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