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Conceptualizing the Cost of COVID Policy: The Role of Institutional Trade-Offs

Geloso Vincent ()
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Geloso Vincent: George Mason University, Fairfax, VA, USA

The Economists' Voice, 2021, vol. 18, issue 1, 129-136

Abstract: In this short article, I summarize recent research in economic history that suggests long-run institutional trade-offs in public health that affect both health and economic outcomes. These trade-offs suggest that a long timespan is necessary to fully measure the consequences of heavy-handed public health interventions. This timespan means that those who have declared “victory” or “defeat” in the wake of COVID policy are premature. Modesty in terms of policy evaluation and prescription is still warranted.

Keywords: COVID; institutional trade-off; economic history (search for similar items in EconPapers)
JEL-codes: B (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1515/ev-2021-0020

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