Content by Mitchell VanVuren
Publication - Policy Brief
Blanket lockdowns have proven to be unsustainable, particularly in developing countries. This brief examines how age-targeted policy measures could keep economies largely open while shielding the elderly and others with underlying health conditions. We find that in the presence of large informal sectors, limited fiscal space, and large numbers of households living...
Publication - Working Paper
The COVID-19 pandemic has already led to dramatic policy responses in most advanced economies, and in particular sustained lockdowns matched with sizeable transfers to much of the workforce. This paper provides a preliminary quantitative analysis of how aggregate policy responses should differ in developing countries. To do so we build an incomplete-markets...