Page 35 - Book of Abstracts 2021

Anti COVID-19 #20 Health consequences of economic crises June 2020 IDEA anti COVID-19 # 20 IDEA anti COVID-19 # 20 IDEA anti COVID-19 # 20 Health consequences of economic crises Health consequences of economic crises Health consequences o JUNE 2020 f economic crises JUNE 20202 2 Kristína HrJeUhNoEvá2,0Š2tě0pán Jurajda Kristína Hrehová, Štěpán Jurajda Kristína Hrehová, Štěpán Jurajda 2 Summary Summary Summary  In this article, we provide a summary of key findings from existing research on the relationship between countries’ economic performance and people’s economic  In this article, we provide a summary of key findings from existing research on the  In this article, we provide a summary of key findings from existing research on the activity on the one hand and their health and mortality on the other. relationship between countries’ economic performance and people’s economic relationship between countries’ economic performance and people’s economic activity on the one hand and their health and mortality on the other.  The blanket restrictions imposed on day-to-day life as a swift defense mechanism in activity on the one hand and their health and mortality on the other. the face of the rapid spread of the Covid-19 pandemic saved many people from illness  The blanket restrictions imposed on day-to-day life as a swift defense mechanism in  The blanket restrictions imposed on day-to-day life as a swift defense mechanism in and death. On the other hand, these measures had and will continue to have a strong the face of the rapid spread of the Covid-19 pandemic saved many people from illness the face of the rapid spread of the Covid-19 pandemic saved many people from illness negative economic impact, which in turn has a negative impact on people’s health and and death. On the other hand, these measures had and will continue to have a strong and death. On the other hand, these measures had and will continue to have a strong livelihoods, too. Decisions about the intensity and duration of blanket restrictions negative economic impact, which in turn has a negative impact on people’s health and negative economic impact, which in turn has a negative impact on people’s health and must take both these effects into account and attempt to achieve a balance between livelihoods, too. Decisions about the intensity and duration of blanket restrictions livelihoods, too. Decisions about the intensity and duration of blanket restrictions them. To do so, however, it is essential that those making the decisions have at least must take both these effects into account and attempt to achieve a balance between must take both these effects into account and attempt to achieve a balance between basic knowledge of the extent of both these impacts. Yet estimates of these effects in them. To do so, however, it is essential that those making the decisions have at least them. To do so, however, it is essential that those making the decisions have at least the context of Covid-19 are not yet available. basic knowledge of the extent of both these impacts. Yet estimates of these effects in basic knowledge of the extent of both these impacts. Yet estimates of these effects in the context of Covid-19 are not yet available. In the foreseeable future, we can expect the epidemiological models to be able to offer the context of Covid-19 are not yet available. us—based on the experience and data we have gained thus far—more reliable In the foreseeable future, we can expect the epidemiological models to be able to offer In the foreseeable future, we can expect the epidemiological models to be able to offer estimates of the basic parameters of Covid-19, such as its fatality rate and the us—based on the experience and data we have gained thus far—more reliable us—based on the experience and data we have gained thus far—more reliable influence of various restrictive measures on its transmission. Yet hand in hand with estimates of the basic parameters of Covid-19, such as its fatality rate and the estimates of the basic parameters of Covid-19, such as its fatality rate and the this it is also important to develop more accurate models of the economic impacts influence of various restrictive measures on its transmission. Yet hand in hand with influence of various restrictive measures on its transmission. Yet hand in hand with and to incorporate impacts on health into them. Until that is done, all that is available this it is also important to develop more accurate models of the economic impacts this it is also important to develop more accurate models of the economic impacts to us is our experience from previous economic recessions and crises. and to incorporate impacts on health into them. Until that is done, all that is available and to incorporate impacts on health into them. Until that is done, all that is available to us is our experience from previous economic recessions and crises. to us is our experience from previous economic recessions and crises. 2 This study represents the authors’ own views and not the official position of the Czech Academy of Sciences’ Economics Institute nor of the Charles University Centre for Economic Research and Graduate Education (CERGE). 2 This study represents the authors’ own views and not the official position of the Czech Academy of Sciences’ The authors are grateful to Daniel Münich for their valuable comments and advice. The study was produced with 2 This study represents the authors’ own views and not the official position of the Czech Academy of Sciences’ Economics Institute nor of the Charles University Centre for Economic Research and Graduate Education (CERGE). support from the Czech Academy of Sciences as part of its AV21 Strategy programme and from the Experientia Economics Institute nor of the Charles University Centre for Economic Research and Graduate Education (CERGE). The authors are grateful to Daniel Münich for their valuable comments and advice. The study was produced with Foundation. The authors are grateful to Daniel Münich for their valuable comments and advice. The study was produced with support from the Czech Academy of Sciences as part of its AV21 Strategy programme and from the Experientia support from the Czech Academy of Sciences as part of its AV21 Strategy programme and from the Experientia Foundation. Foundation. 3 BACK TO CONTENTS 33 3 3