papers.ssrn.com/sol3/papers.cfm?abstract_id=3561560 We find that cities that intervened earlier and more aggressively do not perform worse and, if anything, grow faster after the pandemic is over. Our findings thus indicate that NPIs not only lower mortality; they also mitigate the adverse economic consequences of a pandemic. Matt’s note: a preliminary version of this paper (seeking comments) … Continue reading (MIT Sloan School of Management) Pandemics Depress the Economy, Public Health Interventions Do Not: Evidence from the 1918 Flu