id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
cord-207920-ekv04pop	Andersson, Tommy	Optimal Trade-Off Between Economic Activity and Health During an Epidemic	2020-05-15		.txt	text/plain	3940	253	67	This paper considers a simple model where a social planner can influence the spread-intensity of an infection wave, and, consequently, also the economic activity and population health, through a single parameter. The main finding is that if (i) the planner attaches a positive weight on economic activity and (ii) it is more harmful for the economy to be locked down for longer than shorter time periods, then the optimal policy is to (weakly) exceed health care capacity at some time. A lower spread-intensity increases economic activity, but harms population health if the number of infected at the peak of the epidemic exceeds health care capacity. The above two propositions states that if the social planner only values health or if the economy is equally affected independently of when the infection wave peaks, the optimal policy is to never exceed health care capacity.	./cache/cord-207920-ekv04pop.txt	./txt/cord-207920-ekv04pop.txt