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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP15390 |
DP15390 Evaluating the Effectiveness of Policies Against a Pandemic | |
Christian Alemán; Christopher Busch; Alexander Ludwig; Raül Santaeulàlia-Llopis | |
发表日期 | 2020-10-20 |
出版年 | 2020 |
语种 | 英语 |
摘要 | We develop a novel empirical approach to identify the effectiveness of policies against a pandemic. The essence of our approach is the insight that epidemic dynamics are best tracked over stages, rather than over time. We use a normalization procedure that makes the pre-policy paths of the epidemic identical across regions. The procedure uncovers regional variation in the stage of the epidemic at the time of policy implementation. This variation delivers clean identification of the policy effect based on the epidemic path of a leading region that serves as a counterfactual for other regions. We apply our method to evaluate the effectiveness of the nationwide stay-home policy enacted in Spain against the Covid-19 pandemic. We find that the policy saved 15.9% of lives relative to the number of deaths that would have occurred had it not been for the policy intervention. Its effectiveness evolves with the epidemic and is larger when implemented at earlier stages. |
主题 | Labour Economics ; Macroeconomics and Growth ; Monetary Economics and Fluctuations ; Public Economics |
关键词 | Macroeconomics Pandemic Stages Covid-19 Stay-home Policy effects Identification |
URL | https://cepr.org/publications/dp15390-0 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/544375 |
推荐引用方式 GB/T 7714 | Christian Alemán,Christopher Busch,Alexander Ludwig,et al. DP15390 Evaluating the Effectiveness of Policies Against a Pandemic. 2020. |
条目包含的文件 | 条目无相关文件。 |
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