Effective pandemic management that minimises economic harm

12/01/2021

Klaus Prettner (Institute for Makroeconomics) published together with colleagues an article about the effective containment of the Covid-19 pandemie, that minimises the economic harm.

Proponents of the ‘herd immunity’ approach to COVID-19 argue for a largely uncontrolled outbreak in the low-risk population, while protecting the vulnerable, to achieve natural immunisation at minimal economic cost. In contrast, others favour fighting COVID-19 with all possible means, including lockdowns. This column describes simple, effective, and low-cost policy measures designed to fight the spread of COVID-19 that should be amenable to both camps.

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