“…This paper contributes to a fast-growing literature on the effect of containment measures on health and economic outcomes. Several papers use cross-country or sub-national data to show the role played by containment measures, voluntary social distancing, and other factors in slowing the spread of the virus (e.g., Bretschger et al, 2020;Chernozhukov, Kasahara, and Schrimpf 2020;Dave et al 2020;Deb et al 2020a;Demirgüç-Kunt, Lokshin, and Torre 2020;Fang, Wang, and Yang 2020;Gapen et al, 2020;Glaeser, Gorback, and Redding 2020;Imai et al 2020;Jinjarak et al 2020;Luong and Nguyen, 2020;Zimmermann et al, 2020). Another set of papers look at the economic impact of containment measures, either using high frequency data or recent GDP releases (Carvalho et al 2020;Chronopoulos, Lukas, and Wilson 2020;Deb et al 2020a;Baek et al 2020;Baker et al 2020;Béland, Brodeur, and Wright 2020;Coibion, Gorodnichenko, and Weber 2020;Goolsbee and Syverson, 2020;Gupta et al 2020;Konig andWinkler, 2020a and.…”