01694cas a2200253 a 4500 AALejournalIMF021066 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513548852 1018-5941 BD-DhAAL BD-DhAAL Cherif, Reda. A TIP Against the COVID-19 Pandemic / Reda Cherif, Fuad Hasanov. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (47 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students A universal testing and isolation policy is the most viable way to vanquish a pandemic. Its implementation requires: (i) an epidemiological rather than clinical approach to testing, sacrificing accuracy for scalability, convenience and speed; and (ii) state intervention to ramp up production, similar to True Industrial Policy (TIP), on a global level to achieve a scale and speed the market alone would fail to provide. We sketch a strategy to tackle market failures and implement smart testing, especially in densely populated areas. The estimated cost of testing is dwarfed by its return, mitigating the economic fallout of the pandemic. Mode of access: Internet Hasanov, Fuad. IMF Working Papers; Working Paper ; No. 2020/114 Full text available on IMF http://elibrary.imf.org/view/journals/001/2020/114/001.2020.issue-114-en.xml IMF e-Library