Assessing the Impression of Enterprise Closures on COVID-19 Outcomes
Xuequan Elsie Peng
July 15, 2022
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Disclaimer: IMF Working Papers describe analysis in progress by the writer(s) and are revealed to elicit feedback and to encourage debate. The views expressed in IMF Working Papers are these of the writer(s) and don’t essentially characterize the views of the IMF, its Government Board, or IMF administration.
On this paper, we current a framework for assessing the effectiveness of various enterprise closure insurance policies, utilizing New York Metropolis as a case research. Enterprise closure insurance policies have been broadly carried out in an try to decelerate the pandemic, however it’s troublesome to measure the contribution of closures of particular industries to virus transmission. Our framework permits us to estimate the affect of particular trade closures on the unfold of COVID-19 through their results on mixture mobility. We discover that early reopening led to a chronic pandemic and a big case surge within the second wave throughout 2020, although the reopening allowed the town to regain its financial perform as a consumption hub. Another coverage that extends the lockdown is discovered to be less expensive because it makes future touring safer and prevents the economic system from relapsing right into a extra stringent coverage regime.