alternative evolution of the pandemic, assuming that states extended the lockdown measures until daily new cases reach the levels … of European countries after their lockdown measures were relaxed. In the baseline simulation, we find that cases and …

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 …

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 …

costs of lockdown scenarios. The standard epidemic three-variable model, SIR (Susceptible, Infected and Removed) is extended … SCARE. We consider different observation rates and stringencies of lockdown. Both models are estimated for five countries … to test the impact of lockdown policies on economic costs for the well-documented Belgium case. Economic assessments of …