COVID-19 has become a major challenge to policymaking. In a context of high uncertainty, rapidly changing circumstances and a highly fluid base of evidence and scientifically-grounded predictions – policy-makers have to take decisions on which human lives and the economy depend. Using ideas and constructs from modern decision theory, the authors of this paper propose ways to arrive at decisions that remain valid for a wide range of futures and keep options open, while allowing for a responsible and transparent policy-making process.
In their new paper, Jeffrey Ely, Andrea Galeotti and Jakub Steiner study how to organize workforce rotation in order to minimize the risk of contagion. Frequent rotation may be advisable if an organization is able to detect/react to infections quickly. Infrequent rotation is optimal when organisations react slowly.
Rationing of medical resources is a critical issue in the COVID-19 pandemic. In this paper, Parag A. Pathak, Tayfun Sönmez, M. Utku Unver, M. Bumin Yenmez develop a model for rationing through a reserve system rather than the so far dominant priority point system. In a reserve system, resources are placed into multiple categories. Priorities guiding allocation of units can reflect different ethical values between these categories. A reserve system provides greater flexibility because it does not dictate a single priority order for the allocation of all units. Instead it allows to balance competing objectives. The paper also discusses several practical considerations with triage protocol design.
The proposed reserve system has been put to a test when the 40 hospitals of the University of Pittsburgh Medical Center recently had to ration the antiviral Rendesivir and employed the system to steer allocation.
A promising new quasi-vaccine technology is to use anti-bodies from recovering covid-19 patients to provide vaccine-like protection. This technology is entering clinical trials. Effective supply is quite limited due to the need to acquire plasma from recovering patients: how to increase availabitity of COVID-19 convalescent plasma (CCP) and how best to allocate it is studied by Scott Kominers, Parag Pathak, Tayfun Sönmez, and Utku Ünver. This research is a fusion of medical science and social science and illustrates the benefits of collaboration.
The researchers’ proposed incentive based scheme to increase access to CCP therapy has had remarkable impact latey, as the US-based Covid Plasma Initiave decided to adopt the scheme.
CERGE-EI has developed a set of recommendations for safe re-opening. Although specifically oriented towards Czechia there are broader lessons here as well.
Miguel Poiares Maduro with a preliminary analysis of the Court’s judgement and its potential implications for the ECB and the EU’s financial assistance in mitigating the Covid-19 crisis.
Andrea Galeotti, Paolo Surico and Jakub Steiner clearly lay out the types and uses of testing and how it should be used to acquire crucial information and to provide necessary safety during reopening. An interview explaining this work is here, and a more technical and detailed version of there work is here.
Four imparatives for the African continent in order to combat the pandemic, outlined by Mehari Taddele Maru.
An article by Julian Jamison in the Washington Post warning of the consequences of locking down for low income countries.
Fabrizio Tassinari and Mehari Maru on why the EU needs to support Africa in its efforts to combat the pandemic.