The impact of COVID-19 restrictions on UK growth and the benefits of full inoculation

The pandemic makes it important for economists to work together with epidemiologists, who must work out the trade-offs between economic and health outcomes. Costas Milas assesses the impact of lockdown and other social distancing restrictions on the UK economy, allowing for the impact of standard economic and financial ‘controls’. COVID-19 restrictions are factored in through the University of Oxford’s stringency index (featuring school and workplace closures, among other restrictions).