Friday, April 30, 2021

In cooperation with

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
Online connection
Welcome and opening
Ernest Gnan, Head, Economic Analysis Division, OeNB I SUERF
Part 1: One year of COVID-containment evidence: what works best?
Moderator: David Mackie, Chief European Economist, JP Morgan

Tracking COVID-19 government containment measures: lessons after one year

Anna Petherick, Departmental Lecturer in Public Policy, Blavatnik School of Government, Oxford University presentation

Ranking the effectiveness of worldwide COVID-19 government interventions

Stefan Thurner, President of the CSH Vienna & CSH Faculty presentation

An Epidemiological Model with International Production Networks

Sebnem Kalemli-Ozcan, Neil Moskowitz Professor of Economic, University of Maryland, NBER and CEPR presentation
Video - , "Part 1: One year of COVID-containment evidence: what works best?"

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

Walking the tightrope: Avoiding a lockdown while containing the virus

Luiz De Mello, Director, Policy Studies Branch, Economics Department, OECD presentation

Covid-19: Policy with trade-offs

David Miles, CBE, Professor of Financial Economics, Imperial College London presentation

Zero Covid: Fewer deaths and much less contraction in GDP

Cécile Philippe, Institut économique Molinari presentation
Video - , Part 2: Tradeoffs and efficiency considerations: economic costs and public acceptance?"