05-09-2020, 11:08 AM
This may have been posted previously since the original draft was posted in late March, but there's an interesting paper by two Fed Reserve Board members and an MIT SOM professor, Pandemics Depress the Economy, Public Health Interventions Do Not: Evidence from the 1918 Flu, that finds that after the 1918 pandemic, the cities that had intervened earlier and more aggressively with non-pharmaceutical interventions like sheltering in place and closing businesses rebounded economically no worse than did those that were less aggressive with their NPIs. And if anything, it seems that the cities with more aggressive NPIs rebounded better economically in the year after.
Yet more evidence that the lives vs. economy dichotomy some keep trying to push is false.
Yet more evidence that the lives vs. economy dichotomy some keep trying to push is false.
