EconPapers    
Economics at your fingertips  
 

Assessing Targeted Containment Policies to Fight COVID-19

Checo Ariadne (), Francesco Grigoli () and Mota Jose M. ()
Additional contact information
Checo Ariadne: Central Bank of the Dominican Republic, Santo Domingo, Dominican Republic
Mota Jose M.: Economics, University of Houston, Houston, USA

Authors registered in the RePEc Author Service: Jose Manuel Mota Aquino ()

The B.E. Journal of Macroeconomics, 2022, vol. 22, issue 1, 159-196

Abstract: The large economic costs of full-blown lockdowns in response to COVID-19 outbreaks, coupled with heterogeneous mortality rates across age groups, led to question non-discriminatory containment measures. In this paper we provide an assessment of the targeted approach to containment. We propose a SIR-macro model that allows for heterogeneous agents in terms of mortality rates and contact rates, and in which the government optimally bans people from working. We find that under a targeted policy, the optimal containment reaches a larger portion of the population than under a blanket policy and is held in place for longer. Compared to a blanket policy, a targeted approach results in a smaller death count. Yet, it is not a panacea: the recession is larger under such approach as the containment policy applies to a larger fraction of people, remains in place for longer, and herd immunity is achieved later. Moreover, we find that increased interactions between low- and high-risk individuals effectively reduce the benefits of a targeted approach to containment.

Keywords: optimal containment policies; COVID-19; heterogeneous agents; mortality rate; voluntary social distancing (search for similar items in EconPapers)
JEL-codes: E10 H00 I10 (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://doi.org/10.1515/bejm-2020-0260 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
Working Paper: Assessing Targeted Containment Policies to Fight COVID-19 (2021) Downloads
Working Paper: Assessing Targeted Containment Policies to Fight COVID-19 (2020) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:bejmac:v:22:y:2022:i:1:p:159-196:n:5

Ordering information: This journal article can be ordered from
https://www.degruyter.com/view/j/bejm

DOI: 10.1515/bejm-2020-0260

Access Statistics for this article

The B.E. Journal of Macroeconomics is currently edited by Arpad Abraham and Tiago Cavalcanti

More articles in The B.E. Journal of Macroeconomics from De Gruyter
Bibliographic data for series maintained by Peter Golla ().

 
Page updated 2023-01-07
Handle: RePEc:bpj:bejmac:v:22:y:2022:i:1:p:159-196:n:5