We embed a lockdown choice in a simplified epidemiological model and derive formulas for the optimal lockdown intensity … discovery, learning effects in the health care sector, and the severity of output losses due to a lockdown. In our baseline …

measure to 35 percent with a strong containment measure; second, recovery from recession emerges when the lockdown policy is … relaxed. On that basis, the output would return to its pre-lockdown level by the end of 2021; third, a return infection is …

Countries worldwide have implemented lockdown measures to contain the COVID-19 pandemic. After more than three months … message is that there is no “health vs. economics” dichotomy. Rather, some degree of lockdown is typically optimal in crisis … like this, balancing its economic costs against its health benefits. Moreover, the optimal lockdown is dynamic, changes …

In response to the Covid-19 outbreak the Italian Government imposed an economic lockdown on March 22, 2020 and ordered … population across municipalities induced by the economic lockdown. The difference-in-differences empirical design compares … outcomes in municipalities above and below the median variation in the share of active population before and after the lockdown …

This paper reexamines the design of the optimal lockdown strategy by paying attention to its robustness to the … postulated social welfare criterion. We first characterize optimal lockdown under utilitarianism, and we show that this social …-maximal lockdown saving lives at the cost of reducing average utility at a given period, there exists always a stricter lockdown, which …

couples’ childcare division and by considering the prepandemic division rather than providing merely snapshots during lockdown … months. Starting from a fairly “traditional” prepandemic childcare division, the lockdown stimulus was not nearly strong … enough to level the playing field. A subgroup analysis differentiating between parents’ individual lockdown-specific work …