Coronavirus responses with Joe Branigan, Tulipwood Economics

<p>Economics Explained host Gene Tunny discusses coronavirus policy responses with Joe Branigan, Director, <a href="https://www.tulipwoodeconomics.com.au/" target="_blank">Tulipwood Economics</a>. The episode features a discussion of what we're learning from around the world, including from experiences in Australia, NZ, Italy, and the US, among other countries.</p><p>Use these timestamps to help you jump to the highlights:</p><ul><li>1:50 - Joe reviews international data on coronavirus cases as at 1 April</li><li>5:00 - how case fatality rates depend on the testing regime</li><li>7:30 - why Italy has been so badly affected compared with Australia</li><li>11:05 - what is a Disability Adjusted Life Year (DALY)?</li><li>13:00 - discussion of whether cost-benefit analysis is relevant in assessing coronavirus responses</li><li>20:50 - Sweden identified as a country which appears willing to tolerate a worse public health outcome to avoid enacting draconian measures</li><li>23:20 - discussion of pros and cons of a full lock-down strategy</li><li>30:20 - "No one knows what the right answer is" - recognition we have much to learn from the variety of responses and experiences around the world</li><li>32:00 - major takeaway is that each country is on its own trajectory and policy responses need to be specific to each country</li></ul><p> </p>