Oxford Review of Economic Policy volume 36, issue Supplement_1, PS38-S55 2020 DOI: 10.1093/oxrep/graa030 View full text
Robert Rowthorn, Jan Maciejowski

Abstract: Abstract The British government has been debating how to escape from the lockdown without provoking a resurgence of the COVID-19 disease. There is a growing recognition of the damage the lockdown has caused to economic and social life. This paper presents a simple cost–benefit analysis inspired by optimal control theory and incorporating the SIR model of disease propagation. It also reports simulations informed by the theoretical discussion. The optimal path for government intervention is comput…

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