June 25, 2020
The Covid-19 crisis has provided many grim examples of some familiar problems in health economics and cost-benefit analysis, and of the ‘tragic choices’ that sometimes need to be made.
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June 18, 2020
The policy reaction to the Covid-19 pandemic will increase budget deficits massively in all the world’s leading countries. The deficits will to a significant extent be monetised, with heavy state borrowing from both national central banks and commercial banks.
May 14, 2020
The seminal work on epidemiological models was carried out in the late 1920s and early 1930s. The models have developed substantially since then, but their key drivers are still essentially those discovered nearly a century ago.
May 11, 2020
This paper argues that testing participation – and not testing capacity – is the biggest obstacle to a successful “test and isolate” strategy, as recently proposed by Paul Romer.
April 29, 2020
Pandemics are a recurring feature of human history. In the modern world, since the 1770s, we have had a series of pandemics, with a series of cholera ones in the nineteenth and early twentieth centuries, and a series of five influenza ones since 1890.
April 17, 2020
The COVID-19 pandemic is a serious challenge for societies around the world. In response to it not only individuals are changing their behaviour, but also governments are taking various policy actions.
April 1, 2020
This analysis is based on five scenarios for the length of the shutdown and an attempt to rate the industry’s production losses.
February 1, 2020
A ban on opening a new supermarket is evidence that people want a new supermarket, for if they did not there would be no need for a ban. The same is true of chlorinated chicken, gambling machines and many other products and activities that we are told need to be banned or restricted.
January 22, 2020
Rent controls are now being discussed in cities like Berlin, London, and New York. Sweden has had rent controls since 1942. There are at least nine reasons why the Swedish experience should serve as a cautionary example for other countries.
