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

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  • Geloso Vincent

    (George Mason University, Fairfax, VA, USA)

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.

Suggested Citation

  • Geloso Vincent, 2021. "Conceptualizing the Cost of COVID Policy: The Role of Institutional Trade-Offs," The Economists' Voice, De Gruyter, vol. 18(1), pages 129-136, December.
    • Handle: RePEc:bpj:evoice:v:18:y:2021:i:1:p:129-136:n:11
    DOI: 10.1515/ev-2021-0020
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    Keywords

    COVID; institutional trade-off; economic history;
    All these keywords.

    JEL classification:

    • B - Schools of Economic Thought and Methodology

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