02171cas a2200301 a 4500 AALejournalIMF023130 230101c9999 xx r poo 0 0eng d 20.00 USD 9798400213472 1018-5941 BD-DhAAL BD-DhAAL Peng, Xuequan Elsie. Assessing the Impact of Business Closures on COVID-19 Outcomes / Xuequan Elsie Peng, Chima Simpson-Bell. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (34 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 In this paper, we present a framework for assessing the effectiveness of different business closure policies, using New York City as a case study. Business closure policies have been widely implemented in an attempt to slow down the pandemic, but it is difficult to measure the contribution of closures of specific industries to virus transmission. Our framework allows us to estimate the impact of specific industry closures on the spread of COVID-19 via their effects on aggregate mobility. We find that early reopening led to a prolonged pandemic and a large case surge in the second wave during 2020, though the reopening allowed the city to regain its economic function as a consumption hub. An alternative policy that extends the lockdown is found to be more cost-effective as it makes future traveling safer and prevents the economy from relapsing into a more stringent policy regime. Mode of access: Internet Crisis Management imf Health Behavior imf Macroeconomics imf Regulation and Industrial Policy imf Simpson-Bell, Chima. IMF Working Papers; Working Paper ; No. 2022/139 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2022&issue=139 IMF e-Library