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Impacts of COVID-19: Mitigation Efforts versus Herd Immunity

Author

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  • Karen A. Kopecky
  • Tao Zha

Abstract

The rapid spread of COVID-19 is having devastating effects on the global economy. Governments around the world have been forced to pursue lockdown policies in an attempt to stem the spread of this deadly disease and bend the death curve. With death curves beginning to bend, governments will soon need to determine when and how to relax lockdown measures. The crucial question is: what are the consequences of reopening the economy? In this article, we address this question by studying both the model and the data and discuss the challenges we face moving forward.

Suggested Citation

  • Karen A. Kopecky & Tao Zha, 2020. "Impacts of COVID-19: Mitigation Efforts versus Herd Immunity," Policy Hub, Federal Reserve Bank of Atlanta, vol. 2020(3), pages 1-13, April.
    • Handle: RePEc:fip:a00068:99131
    DOI: 10.29338/ph2020-03
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    References listed on IDEAS

    as
    1. John M. Barry, 2009. "Pandemics: avoiding the mistakes of 1918," Nature, Nature, vol. 459(7245), pages 324-325, May.
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    More about this item

    Keywords

    COVID-19; social distancing; identification problem; death curve; lockdown; herd immunity; reopening the economy; testing;
    All these keywords.

    JEL classification:

    • I1 - Health, Education, and Welfare - - Health
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management

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