What can ‘economics’ and ‘epidemiology’ learn from each other?

Miltos Makris co-organises an online workshop to discuss the complex relationship between epidemiological dynamics, economic decisions and government interventions.

This very relevant and timely workshop was organised by Professor Miltos Makris with Flavio Toxvaerd (University of Cambridge), and discussed the complex relationship between epidemiological dynamics, economic decisions and government interventions, as a way to assess the health, social, and economic outcomes related to Covid-19, as researched by both economists and epidemiologists.

“It was a very successful, thought-provoking and inspiring event making a very strong point how economics tools and reasoning can be used fruitfully and complement existing more established approaches for the design of control strategies in the face of pandemics.” Markis summarised. 

The workshop scheduled a global line up of experts. Fabrizio Adriani (Leicester University) spoke on ‘Endogenous Social Distance and Containment Policies in Social Networks’; Chris Auld (University of Victoria) on ‘A Comparison of Internet Traffic Measures of COVID-19 Social Distancing’; Peter Dolton (University of Sussex, NIESR) on ‘Covid Econometric Modelling Challenges’; Spyros Galanis (City University) on ‘Group Testing and Social Distancing’; Andrew Harvey (University of Cambridge) with Paul Kattuman (University of Cambridge) and Craig Thamotheram (NIESR) on ‘Multivariate Time Series Modelling of Coronavirus’ and Tony Yates on ‘The Health/Wealth Trade-off, or Lack of It, in a Pandemic in Real Time’.

This  was the second in a series of National Institute of Economic and Social Research (NIESR) events comprising a diverse selection of original, invited-only papers, each highlighting new work conducted in current areas of research, as identified by the National Institute Economic Review Editorial Board. The aim is to promote advancements in the economic and social fields. These articles will contribute to a series of invited Special Issue collections starting from May 2021, curated by leading experts in their respective areas. Makris and Toxvaerd will guest edit the Special Issue in collaboration with Prasanna Gai (University of Auckland), Sayantan Ghosal (University of Glasgow) and the NIESR.

Catch up with the workshop here.