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 …

US states have implemented lockdown measures to contain the COVID-19 pandemic. We assess the impact of state policy … associated with social distancing. We find that lockdown measures are effective in alleviating disease severity, but yield …

remove concurrent policy bias from the effect of each policy of interest, and we establish that policies curb the epidemic by …

remove concurrent policy bias from the effect of each policy of interest, and we establish that policies curb the epidemic by …

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 …

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 …

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 …