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International Policy Externalities in the Pandemic

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  • Kai A. Konrad
  • Marcel Thum

Abstract

The spread of Covid-19 across borders has posed major challenges to policymakers worldwide. The pandemic responses have also highlighted the interdependencies between nations. National pandemic response actions have significant impacts on other countries – through disruption of supply chains, restriction of personal mobility and even the breeding of mutations. Due to externalities and coordination problems, national policies are typically suboptimal in a global pandemic. We discuss a number of externalities and coordination issues that arise in pandemic response.

Suggested Citation

  • Kai A. Konrad & Marcel Thum, 2021. "International Policy Externalities in the Pandemic," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 28(06), pages 07-11, December.
    • Handle: RePEc:ces:ifodre:v:28:y:2021:i:06:p:07-11
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