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for future shocks. The findings are based on case studies from five countries in Eastern Europe and the South Caucasus … resilience. This is followed by descriptions of the baseline characteristics of the five Eastern European and South Caucasus …
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We embed a lockdown choice in a simplified epidemiological model and derive formulas for the optimal lockdown intensity and duration. The optimal policy reflects the rate of time preference, epidemiological factors, the hazard rate of vaccine discovery, learning effects in the health care...
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