NEWS： Minneapolis Fed said the current closure measures
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According to a study released by the Federal Reserve Bank of Minneapolis on Monday, the current severity of economic restrictions in the United States may be twice as stringent as the need to balance the risk of a new crown outbreak with the economic demand for workers.
The title of this study is "health vs wealth", which clearly points out the theme and method. The report sets "the statistical value of life" as 11.5 million dollars, which is consistent with other federal agencies such as the U.S. Department of transportation. The Minneapolis Fed uses this number to analyze the pros and cons of freeing up more workers and loosening social distance.
The study concludes that current restrictions are shifting the benefits from young people to older people - looser rules are better for young people, and for older people, it's more important to protect themselves from the disease. The report said that taking an intermediate position and implementing more moderate restrictive measures until the end of July would create "optimal" results.
"The current scale of closure is about twice as large as it should be," wrote the team, which includes Jonathan Heathcote, monetary adviser to the Minneapolis fed, and Andrew Glover, senior economist at the Kansas fed
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