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|c 5.00 USD
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|z 9781513559704
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Franks, Jeffrey.
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|a Exiting from Lockdowns :
|b Early Evidence from Reopenings in Europe /
|c Jeffrey Franks, Bertrand Gruss, Carlos Mulas-Granados, Manasa Patnam.
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| 264 |
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2020.
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| 300 |
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|a 1 online resource (33 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a European authorities introduced stringent lockdown measures in early 2020 to reduce the transmission of COVID-19. As the first wave of infection curves flattened and the outbreak appeared controlled, most countries started to reopen their economies albeit using diverse strategies. This paper introduces a novel daily database of sectoral reopening measures in Europe during the first-wave and documents that country plans differed significantly in terms of timing, pace, and sequencing of sectoral reopening measures. We then show that reopenings led to a recovery in mobility-a proxy for economic activity-but at the cost of somewhat higher infections. However, the experience with reopening reveals some original dimensions of this trade-off. First, the increase in COVID-19 infections after reopening appears less severe in fatality rates. Second, a given reopening step is associated with a worse reinfection outcome in countries that started reopening earlier on the infection curve or that opened all sectors at a fast pace in a relatively short time. Finally, while opening measures tend to have an amplification effect on subsequent cases when a large fraction of the economy is already open, this effect appears heterogenous across sectors.
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| 538 |
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|a Mode of access: Internet
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|a Gruss, Bertrand.
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|a Mulas-Granados, Carlos.
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|a Patnam, Manasa.
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|a IMF Working Papers; Working Paper ;
|v No. 2020/218
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2020/218/001.2020.issue-218-en.xml
|z IMF e-Library
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