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 …

characterize equilibrium, optimal outcomes, static and dynamic externalities, and prove the following: (i) A lockdown generically … arrives deterministically, optimal policy is discontinous, featuring a light/strict lockdown when the arrival date exceeds … gains from optimal policy unless the government lacks instruments to stimulate activity after a lockdown. …

major responsibility to their members for coordinating health protection measures and access to vaccines, maintaining the … Southeast Asia in the early part of 2020. While the second section focuses on vaccines and the policies adopted in each region …

pandemic's toll on the economy and mortality. A timely, limited lockdown solves the coordination failure allowing policymakers …