IDEAS home Printed from https://ideas.repec.org/p/imf/imfwpa/2020-114.html
   My bibliography  Save this paper

A TIP Against the COVID-19 Pandemic

Author

Listed:
  • Reda Cherif
  • Fuad Hasanov

Abstract

A universal testing and isolation policy is the most viable way to vanquish a pandemic. Its implementation requires: (i) an epidemiological rather than clinical approach to testing, sacrificing accuracy for scalability, convenience and speed; and (ii) state intervention to ramp up production, similar to True Industrial Policy (TIP), on a global level to achieve a scale and speed the market alone would fail to provide. We sketch a strategy to tackle market failures and implement smart testing, especially in densely populated areas. The estimated cost of testing is dwarfed by its return, mitigating the economic fallout of the pandemic.

Suggested Citation

  • Reda Cherif & Fuad Hasanov, 2020. "A TIP Against the COVID-19 Pandemic," IMF Working Papers 2020/114, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:2020/114
    as

    Download full text from publisher

    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=49538
    Download Restriction: no
    ---><---

    Citations

    RePEc Biblio mentions

    As found on the RePEc Biblio, the curated bibliography for Economics:
    1. > Economics of Welfare > Health Economics > Economics of Pandemics > Specific pandemics > Covid-19 > Economic policy

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Eduardo Gutiérrez & Enrique Moral-Benito, 2020. "Medidas de contención, evolución del empleo y propagación del Covid-19 en los municipios españoles," Occasional Papers 2022, Banco de España.
    2. Andrew Atkeson & Michael Droste & Michael J. Mina & James H. Stock, 2020. "Economic Benefits of COVID-19 Screening Tests," Staff Report 616, Federal Reserve Bank of Minneapolis.
    3. Thomas Gries & Paul J. J. Welfens, 2021. "Testing as an approach to control the Corona epidemic dynamics and avoid lockdowns," International Economics and Economic Policy, Springer, vol. 18(1), pages 1-24, February.
    4. Rozan, E.A. & Bouzat, S. & Kuperman, M.N., 2023. "Testing lockdown measures in epidemic outbreaks through mean-field models considering the social structure," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 632(P1).
    5. Agarwal,Ruchir & Reed,Tristan, 2021. "How to End the COVID-19 Pandemic by March 2022," Policy Research Working Paper Series 9632, The World Bank.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imf:imfwpa:2020/114. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Akshay Modi (email available below). General contact details of provider: https://edirc.repec.org/data/imfffus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.