US lockdown policy ‘too restrictive’ – Minneapolis Fed paper

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The US government’s lockdown policy may be “too extensive”, resulting in a disproportionate and negative impact on the working age population, research published by the Federal Reserve Bank of Minneapolis argues.

Andrew Glover and his co-authors model an optimal lockdown policy to produce the lowest aggregate welfare cost to society. They do this by estimating the preferred lockdown scenario for three groups of society – old people, young non-essential (“luxury”) workers and young essential (

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