Mortality containment vs. Economics Opening: Optimal policies in a SEIARD model☆

  title={Mortality containment vs. Economics Opening: Optimal policies in a SEIARD model☆},
  author={A. Aspri and Elena Beretta and Alberto Gandolfi and {\'E}tienne Wasmer},
  journal={Journal of Mathematical Economics},
  pages={102490 - 102490}
Optimal Lockdown Strategy in a Pandemic: An Exploratory Analysis for Covid-19
The study indicates that the soft lockdown policy is optimal from a public policy perspective under the specific parametric configuration considered in this paper.
Taming the spread of an epidemic by lockdown policies
Geographical heterogeneities and externalities in an epidemiological‐macroeconomic framework
We analyze the implications of geographical heterogeneities and externalities on health and macroeconomic outcomes by extending a basic epidemiological-macroeconomic model to a spatial dimension.
The Economic Effects of Covid-19 Containment Measures
Containment measures are crucial to halt the spread of the 2019 COVID-19 pandemic but entail large short-term economic costs. This paper tries to quantify these effects using daily global data on
Optimal federal transfers during uncoordinated response to a pandemic
  • J. Rothert
  • Economics
    Journal of public economic theory
  • 2021
A strategic Pigouvian subsidy that rewards states which depress their economies more than the average corrects that externality by creating a race‐to‐the‐bottom type of response.
COVID-19 and Optimal Lockdown Strategies: The Effect of New and More Virulent Strains
Those crucial questions with revised parameters reflecting the greater infectivity of variants such as the “UK variant” of the SARS-CoV-2 virus are revisited and how the new variant may affect levels of mortality and other outcomes are described.
The optimal lockdown intensity for COVID-19
Static and Dynamic Inefficiencies in an Optimizing Model of Epidemics
In an optimizing model of epidemics several externalities arise when agents shield to avoid infection. Optimizing behaviour delays herd immunity but also reduces overall infections to approximately


Macroeconomic Dynamics and Reallocation in an Epidemic
In this paper we argue that endogenous shifts in private consumption behavior across sectors of the economy can act as a potent mitigation mechanism during an epidemic or when the economy is
A Simple Planning Problem for COVID-19 Lockdown
We study the optimal lockdown policy for a planner who wants to control the fatalities of a pandemic while minimizing the output costs of the lockdown. We use the SIR epidemiology model and a linear
Optimal Mitigation Policies in a Pandemic∗
We study the response of an economy to an unexpected epidemic. Households mitigate the spread of the disease by reducing consumption, reducing hours worked, and working from home. Working from home
Modelling contacts and transitions in the SIR epidemics model
Since the outbreak of the Covid-19 pandemic economists have turned to the SIR model and its subsequent variants for the study of the pandemic's economic impact. But the SIR model is lacking the
Scare: When Economics Meets Epidemiology with COVID-19
An epidemic model to explain and predict the dynamics of the SARS-CoV-2 virus and to assess the economic costs of lockdown scenarios shows that the total net benefits of the Belgian lockdown policy is negative for low valuations of life years lost and the gains of extending the Belgium lockdown policy are negative even for high valuation of life.
Optimal Mitigation Policies in a Pandemic: Social Distancing and Working from Home
We study the response of an economy to an unexpected epidemic. Households mitigate the spread of the disease by reducing consumption, reducing hours worked, and working from home. Working from home
A Multi-Risk SIR Model with Optimally Targeted Lockdown
We develop a multi-risk SIR model (MR-SIR) where infection, hospitalization and fatality rates vary between groups—in particular between the “young”, “the middleaged” and the “old”. Our MR-SIR model
Internal and External Effects of Social Distancing in a Pandemic
We develop a quantitative framework for exploring how individuals trade off the utility benefit of social activity against the internal and external health risks that come with social interactions
Cost–benefit analysis of age‐specific deconfinement strategies
I calibrate a Multi-Risk SIR model on the covid pandemic to analyze the impact of the age-specific confinement and PCR testing policies on incomes and mortality. Two polar strategies emerge as
The Macroeconomics of Epidemics
We extend the canonical epidemiology model to study the interaction between economic decisions and epidemics. Our model implies that people’s decision to cut back on consumption and work reduces the