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The fight against COVID-19: Effectiveness, efficiency, and tradeoffs – stock-taking and lessons for the final spurt
The fight against COVID-19: Effectiveness, efficiency, and tradeoffs – stock-taking and lessons for the final spurt

SUERF - BAFFI Bocconi online workshop in cooperation with Complexity Science Hub Vienna

The fight against COVID-19: Effectiveness, efficiency, and trade-offs – Stock-taking and lessons for the final spurt


Date:     Friday, 30 April 2021
Time:    15:00-17:00 CET
Format: Cisco Webex

More than one year of COVID-containment measures have yielded a rich collection of practical experiences across the globe. The measures adopted evolved through learning-by-doing, also peer-learning played a role. While containment measures were initially focusing on the preservation of public physical health (“whatever the cost”), tradeoffs with economic costs, civil liberties, children’s education and mental wellbeing moved increasingly in the focus later on. Furthermore, resource scarcity and challenges of their employment and distribution have substantially constrained the choice of containment decisions (initially masks, FFP2 masks, tests, vaccinations). Finally, diminishing public acceptance of containment measures has influenced the effectiveness of measures over time. Bearing in mind that an assessment of “effectiveness” and “efficiency” requires a clear view on the underlying aim(s) of measures, this workshop provides an overview of existing state-of-the-art theoretical and empirical research as well as practical experiences of what has so far emerged to work best.

Scientific committee: Ernest Gnan, OeNB and SUERF; Peter Klimek, Medical University of Vienna and CSH Vienna; Martin Schneider, OeNB; Stefan Thurner, CSH Vienna; Klaus Vondra, OeNB.

Friday, 30 April 2021
14:45 Online connection
15:00 Welcome and opening

Ernest Gnan, Head, Economic Analysis Division, OeNB I SUERF

 
15:05 Part 1: One year of COVID-containment evidence: what works best?

Moderator: David Mackie, Chief European Economist, JP Morgan


An Epidemiological Model with International Production Networks
Sebnem Kalemli-Ozcan, Neil Moskowitz Professor of Economic, University of Maryland, NBER and CEPR
Presentation - pdfPresentation - pdf


Tracking COVID-19 government containment measures: lessons after one year
Anna Petherick, Departmental Lecturer in Public Policy, Blavatnik School of Government, Oxford University
Presentation - pdfPresentation - pdf


Ranking the effectiveness of worldwide COVID-19 government interventions
Stefan Thurner, President of the CSH Vienna & CSH Faculty
Presentation - pdfPresentation - pdf

Video - , "Part 1: One year of COVID-containment evidence: what works best?"

 
16:00 Part 2: Trade-offs and efficiency considerations: economic costs and public acceptance

Moderator: Donato Masciandaro, Professor, Bocconi University I SUERF


Nine stylized facts on the great lockdown
Antonio Spilimbergo, Deputy Director, Research Department, IMF
Presentation - pdfPresentation - pdf


Walking the tightrope: Avoiding a lockdown while containing the virus
Luiz De Mello, Director, Policy Studies Branch, Economics Department, OECD
Presentation - pdfPresentation - pdf


Covid-19: Policy with trade-offs
David Miles, CBE, Professor of Financial Economics, Imperial College London
Presentation - pdfPresentation - pdf


Zero Covid: Fewer deaths and much less contraction in GDP
Cécile Philippe, Institut économique Molinari
Presentation - pdfPresentation - pdf

Video - , Part 2: Tradeoffs and efficiency considerations: economic costs and public acceptance?"

 
 

 
17:00 End


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