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 study the optimal lockdown policy for a planner who wants to control the fatalities of a pandemic while minimizing … the output costs of the lockdown. We use the SIR epidemiology model and a linear economy to formalize the planner … parametrize the model using data on the COVID19 pandemic and the economic breadth of the lockdown. The quantitative analysis …

We study the optimal lockdown policy for a planner who wants to control the fatalities of a pandemic while minimizing … the output costs of the lockdown. We use the SIR epidemiology model and a linear economy to formalize the planners dynamic … model using data on the COVID-19 pandemic and the economic breadth of the lockdown. The quantitative analysis identifies the …