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Smart Containment: Lessons from Countries with Past Experience, Alexandra Fotiou, Andresa Lagerborg

Label
Smart Containment: Lessons from Countries with Past Experience, Alexandra Fotiou, Andresa Lagerborg
Language
eng
Abstract
Following the Great Lockdown in 2020, it is important to take stock of lessons learned. How effective have different containment measures been in slowing the spread of Covid-19? Have containment measures been costly in terms of economic growth, fiscal balances, and accumulated debt? This paper finds that countries with previous SARS experience acted fast and "smart", and were able to contain the virus by relying mainly on public health measures ─ testing, contact tracing, and public information campaigns ─ rather than stay-at-home requirements. Using past coronavirus outbreaks as an instrumental variable, we show that countries with past experience were able to contain the virus in a smart way, reducing transmission and deaths while also experiencing higher economic growth in 2020
resource.governmentPublication
international or intergovernmental publication
Literary Form
non fiction
Main title
Smart Containment: Lessons from Countries with Past Experience
Nature of contents
dictionaries
Responsibility statement
Alexandra Fotiou, Andresa Lagerborg
Series statement
IMF Working Papers
resource.variantTitle
Smart Containment
Content
Other version