Preparing for Future Pandemics: Stress Tests and Wargames

Frank Milne and David Longworth

No 1437, Working Paper from Economics Department, Queen's University

Abstract: There is an important interdependence between economic, financial and health policy actions. The recent Covid-19 crisis has demonstrated that, apart from the direct economic consequences from illness and death from the virus, the main economic and financial costs have been due to the varying degrees of preventative measures taken by the public, firms, and governments that directly impacted economic and financial activity. This paper proposes the use of regular, combined medical, economic and financial stress tests and wargames in preparing for future pandemics and other major environmental shocks.

Keywords: Covid-19; Government Policy; Wargames; Stress Tests; Banking; Monetary Policy (search for similar items in EconPapers)
JEL-codes: G21 H12 H51 H84 I18 (search for similar items in EconPapers)
Pages: 45 pages
Date: 2020-08
New Economics Papers: this item is included in nep-hea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:qed:wpaper:1437

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