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pandemic are predominantly decided upon on the nationwide stage, however have worldwide ramifications. In this paper we study what type of inefficiencies this will create and how cooperation throughout countries may enhance outcomes. We discover that inefficiencies come up even among fully similar international locations. We show that nations are probably to decide on excessively lenient policies from the perspective of world welfare in later levels of the pandemic. This supplies a rationale for setting minimum containment standards internationally. By contrast, in early and intermediate phases of the pandemic, national containment insurance policies may also be excessively strict. Whether or not this is the case is dependent upon a rustic’s degree of financial integration relative to mobility of individuals. Analyzing the stringency of containment insurance policies through the current epidemic confirms that international locations with higher economic integration adopt stringent containment insurance policies extra quickly whereas nations subject to high mobility do so later. The outbreak of Coronavirus named COVID-19 world has disrupted the Chinese economic system and is spreading globally. The evolution of the illness and its economic impression is highly unsure which makes it troublesome for policymakers to formulate an applicable macroeconomic policy response. In order to higher understand attainable economic outcomes, this paper explores seven completely

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