Advance market commitments needed to develop Covid-19 vaccine say macroeconomic influencers

6 May 2020 (Last Updated May 6th, 2020 09:46)

6 May

As the US economy continues to contract due to lockdown measures, there is an ongoing debate on whether to open up the economy to save jobs or risk a second wave to infections.

The best way to deal with this conundrum is to identify sectors that can be safely reopened, while accelerating the development of a vaccine against Covid-19 disease.

Erik Brynjolfsson, professor at Massachusetts Institute of Technology, shared an article by four prominent economist on the development of a vaccine against Covid-19 disease.

The article notes that the government should invest billions of dollars into a vaccine development programme, while providing advance market commitment to manufacturers.

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