Explore the vast range of titles available.

Economists must improve tools to weigh trade-offs between health and wealth, says Andy Haldane. Economists must improve tools to weigh trade-offs between health and wealth, says Andy Haldane.

A decade ago, May and I published a paper in Nature using models drawn from epidemiology to understand the dynamics of the global financial crisis of 2008-09, and appropriate policy responses to it. [...]the social-distancing measures put in place around the world to limit viral transmission have come at a significant economic and financial cost. [...]embedding an SIR (Susceptible, Infected, Recovered) model of disease dynamics in a general equilibrium model of people's spending decisions allows us to capture and calibrate some of the difficult trade-offs.