COVID-19 crisis management in Luxembourg : Insights from an epidemionomic approach

Copyright © 2021 The Authors. Published by Elsevier B.V. All rights reserved..

We develop an epidemionomic model that jointly analyzes the health and economic responses to the COVID-19 crisis and to the related containment and public health policy measures implemented in Luxembourg. The model has been used to produce nowcasts and forecasts at various stages of the crisis. We focus here on two key moments in time, namely the deconfinement period following the first lockdown, and the onset of the second wave. In May 2020, we predicted a high risk of a second wave that was mainly explained by the resumption of social life, low participation in large-scale testing, and reduction in teleworking practices. Simulations conducted 5 months later reveal that managing the second wave with moderately coercive measures has been epidemiologically and economically effective. Assuming a massive third (or fourth) wave will not materialize in 2021, the real GDP loss due to the second wave will be smaller than 0.4 percentage points in 2020 and 2021.

Media Type:

Electronic Article

Year of Publication:

2021

Contained In:

Economics and human biology - Vol. 43 (2021), p. 101051

Language:

English

Contributors:

Burzyński, Michał
Machado, Joël
Aalto, Atte
Beine, Michel
Goncalves, Jorge
Haas, Tom
Kemp, Françoise
Magni, Stefano
Mombaerts, Laurent
Picard, Pierre
Proverbio, Daniele
Skupin, Alexander
Docquier, Frédéric

Urls:

Volltext

Keywords: Schlagworte
Notes:

Date Completed 13.12.2021

Date Revised 14.12.2021

published: Print-Electronic

Citation Status MEDLINE

Copyright: From MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine

Physical Description:

Online-Ressource

doi:

10.1016/j.ehb.2021.101051

PMID:

34411841

PPN (Catalogue-ID):

NLM330735551