Covid -19

The world has been presented with a false dilemma: either to accept a very large number of deaths due to the Covid-19 pandemic, or a deep economic recession almost without precedent resulting from general lockdowns. In this book we show that for most countries there were more effective, and less costly responses to the crisis than the ones chosen. According to our approximate estimates, had the world followed these policies eight out of every ten deaths could have been saved, and the economic cost of the pandemic could have been around one fourth lower. Based on these lessons, we derive specific policies that can, and should be implemented today and in the future. Carlos Obregon has a Ph. D. in economics from Colorado University. He was invited as a postdoctoral fellow by Harvard University and was a visiting scholar at The Massachusetts Institute of Technology (MIT). He is a well known expert in global finance, and is the author of twenty-six books and many professional articles. Jorge O. Mariscal has a Ph. D. in Economics from New York University. He is an Adjunct Professor at The School of International and Public Affairs (SIPA) of Columbia University, in New York. He is the former Chief Investment Officer for Emerging Markets at UBS Wealth Management. Previously, he was a Partner and Chief Investment Strategist at the Rohatyn Group, and Managing Director in the Investment Research department at Goldman Sachs in New York.