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A social cost–benefit framework for COVID-19 policy decisions

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  • Dave Heatley

Abstract

Important public sector decisions should be informed by cost–benefit analysis (CBA), according to the New Zealand Treasury. This paper explores whether policy decisions about COVID-19 responses are tractable and amenable to ex ante CBA. It does so with a worked example: a CBA of the decision to extend alert level 4 restrictions by a further 5 days on 20 April 2020, using the information that was known at the time. The paper concludes that such analysis is both tractable and a worthwhile input into COVID-19 decision making.

Suggested Citation

  • Dave Heatley, 2022. "A social cost–benefit framework for COVID-19 policy decisions," New Zealand Economic Papers, Taylor & Francis Journals, vol. 56(1), pages 41-48, January.
  • Handle: RePEc:taf:nzecpp:v:56:y:2022:i:1:p:41-48
    DOI: 10.1080/00779954.2020.1870538
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