This paper documents how a prompter implementation of stricter policy measures in Italy would have reduced by about one-fourth of total COVID-19-related deaths during the first wave of the pandemic. The empirical evidence suggests that rigid but timely restrictions would have been a more effective policy tool than implementing progressively stricter measures over an extended period.
Keywords: Covid-19; Lockdown; Synthetic control method.
Copyright © 2023 Elsevier B.V. All rights reserved.