Health and the Economy
Global expenditure patterns and their determinants; pub-
lic expenditure and health care; health in macro models; health and the trade cycle; health and labor force productivity; health and growth; health and economic development; health and employment/unemployment; health and social security; health, savings and investment; health and foreign trade; health and innovation/entrepreneurship.
Many economists expressed disbelief after glancing at recent economic statistics. Since the arrival of the virus and the subsequent lockdowns we have observed a never-before-seen decline in production and consumption. In the UK alone, millions… Read More »It’s the virus, stupid!
I don’t do back of the envelope calculations, largely because the harm of a bad estimate can be worse than the harm of no estimate. A rough guess will be biased in ways we cannot… Read More »Flattening the curve on the back of an envelope
The Irrelevance of Inference was a seminal paper published by Karl Claxton in 1999. In it he outlines a stochastic decision making approach to the evaluation of health technologies. A key point that he makes is… Read More »The irrelevance of inference: (almost) 20 years on is it still irrelevant?