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Antonio Fatas

Antonio Fatas

Professor of Economics at INSEAD, an international business school with campuses in Singapore, France and Abu Dhabi.

Articles by Antonio Fatas

COVID-Economics Links (May 13)

May 13, 2020

Modern health crises: Recession and recovery – Chang Ma, John Rogers, Sili Zhou (
The EU response to the coronavirus crisis: How to get more bang for the buck – Massimo Bordignon, Guido Tabellini (
Pandemic Recession: L or V-Shaped? – Victoria Gregory, Guido Menzio, David G. Wiczer (NBER WP)
COVID-19 and the Welfare Effects of Reducing Contagion – Robert S. Pindyck (NBER WP)
How to pay for the (pandemic) war – Francesco Bianchi, Renato Faccini, Leonardo Melosi  (
Challenges in Nowcasting GDP Growth – FRB of Atlanta
Emerging from the Great Lockdown in Asia and Europe – Changyong Rhee and Poul M. Thomsen (IMF)
Business cannot simply awake from this coma and carry on – Raghuram Rajan (FT)
After the coronavirus pandemic – Martin Wolf (FT)
Fractured Global Value

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COVID-Economics Links (May 12)

May 12, 2020

Making the Best of a Post-Pandemic World – Dani Rodrik
Banking regulation in the euro area: Germany is different
Nicolas Véron (PIIE)
Covid Economics: Vetted and Real-Time Papers – Issue 16, CEPR
COVID-19 Is Also a Reallocation Shock – Jose Maria Barrero, Nicholas Bloom and Steven J. Davis (SSRN)
Risks of Growing Debt vs. Fiscal Stringency in the COVID-19 Crisis – William G. Gale and Zachary Obstfeld (EconoFact)
Federal Reserve System International Facilities- Bruce Mizrach and Christopher J. Neely (St Louis Fed)
Bank resolution frameworks in systemic crises – Thorsten Beck, Deyan Radev, Isabel Schnabel (VoxEU)
New York Fed Announces Start of Certain Secondary Market Corporate Credit Facility Purchases on May 12 – NY Federal Reserve
COVID-19 crisis in the euro area: Recession or

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COVID-Economics Links (May 11)

May 11, 2020

Can the Covid Bailouts Save the Economy? – Elenev, Landvoigt and van Nieuwerburgh (CEPR DP)
Consumption in the time of Covid-19: Evidence from UK transaction data – Hacioglu, Känzig and Surico (CEPR DP)
Supply and Demand in Disaggregated Keynesian Economies with an Application to the Covid-19 Crisis – Baqaee and Farhi (CEPR DP)
Navigating Deglobalization – Mohamed A. El-Erian (PS)
Long haul lockdown: Three scenarios for the impact of coronavirus on the UK economy – Leslie, Hughes, McCurdy, Pacitti, Smith and Tomlinson (VoxEU)
The economic impact of Covid-19 in Europe and the US – Sophia Chen, Deniz Igan, Nicola Pierri, Andrea Presbitero (VoxEU)
Working from home: Estimating the worldwide potential – Berg, Bonnet and Soares (VoxEU)
Political beliefs affect compliance with COVID-19 social

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COVID-Economics Links (May 10)

May 10, 2020

The case for permanent stimulus – Paul Krugman (VoxEU)
How COVID-19 is transforming the world economy – Kilic and Marin (VoxEU)
When Do Shelter-in-Place Orders Fight Covid-19 Best? Policy Heterogeneity Across States and Adoption Time – Dave, Friedson, Matsuzawa and Sabia (SSRN)
Liquidity Provision during a Pandemic – Kahn and Wagner (SSRN)
The job numbers are horrible. But there’s more to this story – Betsey Stevenson (Washington Post)

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COVID-Economics Links (May 9)

May 9, 2020

Eurogroup Statement on the Pandemic Crisis Support – Eurogroup
The asymmetric impact of COVID-19 confinement measures on EU labour markets – Torrejón Pérez, Fana, González-Vázquez and Fernández-Macías (VoxEU)
The impact of COVID-19 on European household expectations – Gene Ambrocio  (VoxEU)
Coronavirus and commodity markets: Lessons from history – Peter Nagle (World Bank)
Sector-Specific Shocks and the Expenditure Elasticity Channel During the COVID-19 Crisis – Ana Danieli and Jane Olmstead-Rumsey (SSRN)
Rebuilding better after Covid-19, part 2 – Martin Sandbu (FT
Coronavirus recession deepens U.S. job losses in April especially among low-wage workers and women – Heather Boushey (Equitable Growth)
Fiscal Monitor – April 2020 – IMF
The coronavirus economy is exposing how easy it is to fall

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COVID-Economics Links (May 8)

May 8, 2020

Blogs, Opinions and Academic papers
COVID-19 will raise inequality if past pandemics are a guide – Furceri, Loungani, Ostry, and Pizzuto (VoxEU)
The U.S. Labor Market During the Beginning of the Pandemic Recession – Cajner et al
COVID-19 crisis in the euro area: recession or “double-peak” expansion? – CEPR-EABCN Euro Area Business Cycle Dating Committee
Figures of the week: The costs of financing Africa’s response to COVID-19 – Chris Heitzig (Brookings)
Two months before the cliff – Catarina Midoes (Bruegel)
The possible shapes of recoveries in Markov-switching models – Bouabdallah and Ferrara
Income Assistance for Low-Income Workers During the COVID-19 Crisis – Levine and Schanzenbach (Econofact)
Export controls: America’s other national security threat – Chad P. Bown (PIIE)

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COVID-Economics Links (May 7)

May 7, 2020

Blogs, Opinions and Academic papers
COVID-19 lockdowns have increased support for incumbents, trust in government, and satisfaction with democracy – Blais, Bol, Giani and Loewen  (VoxEU)
Germany’s Judges Declare War on the ECB – Willem H Buiter
The value of social distancing is not equally distributed – Barnett-Howell and Mobarak (VoxEU)
The Threat of Enfeebled Great Powers – Arvind Subramanian (PS)
Will COVID-19 fiscal recovery packages accelerate or retard progress on climate change? – Hepburn, O’Callaghan, Stern, Stiglitz and Zenghelis 
Fiscal Policies for the Recovery from COVID-19 – Gaspar,  Lam, and Raissi (IMF)
Covid Economics: Vetted and Real-Time Papers, Issue 14 – CEPR
Global medical trade in the time of the coronavirus pandemic – Kimberly A. Clausing (Equitable Growth)

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COVID-Economics Links (May 6)

May 6, 2020

Blogs, Opinions and Academic papers
Why the media in UK and US has moved beyond manufacturing consent, and why that has led to a war about reporting COVID-19  – Simon Wren-Lewis
How to escape the trap of excessive debt – Martin Wolf (FT)
Viral recessions: Lack of demand during the coronavirus crisis – Veronica Guerrieri, Guido Lorenzoni, Ludwig Straub, Iván Werning (VoxEU)
Real-time consumer spending responses to the COVID-19 crisis and government lockdown – Dimitris K. Chronopoulos, Marcel Lukas, John O.S. Wilson (VoxEU)
Southern European and emerging market firms are under severe distress – Erica Bosio, Simeon Djankov (VoxEU)
German court has set a bomb under the EU legal order – Martin Sandbu
Real-time labour market estimates during the 2020 coronavirus outbreak – Alexander Bick, Adam

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COVID-Economics Links (May 5)

May 5, 2020

Blogs, Opinions and Academic papers

Towards a European Reconstruction Fund – Luis Garicano
China’s weak social safety net will dampen its economic recover – Nicholas R. Lardy (PIIE) and Tianlei Huang (PIIE)
China’s overseas lending and the looming developing country debt crisis – Sebastian Horn, Carmen Reinhart, Christoph Trebesch
The Problem With MMT – Willem Buiter (PS)
In the Race for a Coronavirus Vaccine, We Must Go Big. Really, Really Big –  Susan Athey, Michael Kremer, Christopher Snyder and Alex Tabarrok
Immigrant key workers in Europe: The COVID-19 response that comes from abroad – Francesco Fasani
Covid Economics: Vetted and Real-Time Papers – Issue 13 (CEPR)
Central bankers should not be forward-looking in times of crisis – Paul De Grauwe, Yuemei Ji 
COVID-19: The skewness of

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COVID-Economics Links (May 4)

May 4, 2020

The Case for Deeply Negative Interest Rates – Kenneth Rogoff (PS)
Supporting people and companies to deal with the COVID-19 virus – OECD
A trade bargain to secure supplies of medical goods – Simon Evenett, L Alan Winters (VoxEU)
Debt restructuring in the time of COVID-19: Private and official agreements – Silvia Marchesi, Tania Masi (VoxEU)
The case for a new Marshall Plan – Alexia Delfino, Raffaella Sadun (VoxEU)
You Can Lead a Horse to Water, But You Can’t Make It Drink – Tim Duy
Hunger amid plenty: How to reduce the impact of COVID-19 on the world’s most vulnerable people – Mari Elka Pangestu
Covid-19 and social distancing: Accounting for individual actions could change the way lockdowns are designed – Miltos Makris (VoxEU)
The ECB can ease Italian debt worries without risking

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COVID-Economics Links (May 3)

May 3, 2020

Consumers’ Mobility, Expenditure and Online-Offline Substitution Response to COVID-19: Evidence from French Transaction Data – David Bounie, Youssouf Camara and John W. Galbraith (SSRN)
It Matters that Most COVID Layoffs in March were Furloughs – Erica Groshen
COVID-19 infection externalities: Herd immunity versus containment strategies Zachary Bethune and Anton Korinek (VoxEU)
After lockdowns, economic sunlight or a long hard slog? – Gavyn Davies
Italy’s corporate reopening stirs fears over more deaths – FT
Will the Bank of England announce more QE? – FT
Two experts debate the long-term impact on inflation of the Covid-19 rescue packages
– FT
Countries That Kept a Lid on Coronavirus Look to Each Other to Revive Their Economies – WSJ
Italians Prepare to Return to Work, If They Can Find

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COVID-Economics Daily Links (May 2)

May 2, 2020

How to Avoid a W-Shaped Recession – Jeffrey Frankel (PS)
Covid Economics: Vetted and Real-Time Papers, Issue 12 – CEPR
Leaders’ speech and risky behaviour during a pandemic – Nicolas Ajzenman, Tiago Cavalcanti, Daniel Da Mata (VoxEU)
How did COVID-19 disrupt the market for U.S. Treasury debt? – Jeffrey Cheng, David Wessel, and Joshua Younger (Brookings)
Who is doing new research in the time of COVID-19? Not the female economists – Noriko Amano-Patiño, Elisa Faraglia, Chryssi Giannitsarou, Zeina Hasna  (VoxEU)
An Estimate of the Economic Impact of COVID-19 on Australia – Flavio Romano (SSRN)
COVID-19 Caused 3 New Hires for Every 10 Layoffs – David Altog et al (FRB of Atlanta)
Mandated and targeted social isolation policies flatten the COVID19 curve and can help mitigate the associated

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COVID-Economics Links (May 1)

May 1, 2020

Blogs, Opinions and Academic papers

The monetary policy response to the pandemic emergency – Philip R. Lane (ECB)
What’s the Fed doing in response to the COVID-19 crisis? What more could it do? – Jeffrey Cheng, Dave Skidmore, and David Wessel (Brookings)
Alternative scenarios for the impact of the COVID-19 pandemic on economic activity in the euro area – ECB
The Eurozone COVID-19 Crisis: EU Policy Options – CFM Surveys
Economic policy incentives in the fight against pandemics – Roberto Chang, Andres Velasco (VoxEU)
Guidelines for cost-effective use of SURE – Almut Balleer, Britta Gehrke, Brigitte Hochmuth, Christian Merkl  (VoxEU)
Lockdown contraction is not following usual economic script – Chris Giles (FT)
The economic risk from COVID-19 is not where COVID-19 is Ilan Noy, Nguyen Doan,

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COVID-Economics Links (April 30)

April 30, 2020

Blogs, Opinions and Academic papers
American Carnage – J Bradford DeLong (PS)
The coronavirus recession is severe, and the damage to the U.S. economy will last years – Claudia Sahm (Equitable Growth)
The EU recovery fund: An opportunity for change – Massimo Motta, Martin Peitz  (VoxEU)
Lessons from the Economic-Epidemiological Frontier – Christopher Pissarides, Pietro Garibaldi and Espen R. Moen (PS)
The effects of recessionary stimulus programmes: New evidence from the UK’s Enterprise Finance Guarantee scheme – Juanita Gonzalez-Uribe, Su Wang, Simeon Djankov (VoxEU)
Despite flattening the curve, South Korea faces economic challenges from COVID-19 as the United States – Soyoung Han and Euijin Jung (PIIE)
A risk-centric perspective on the central banks’ Covid-19 policy response – Ricardo

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COVID-Economics Links (April 29)

April 29, 2020

Blogs, Opinions and Academic papers
Evaluating the initial impact of COVID-19 containment measures on economic activity – OECD
Europe’s next budget is another twist in long road to solidarity
Jacob Funk Kirkegaard (PIIE)
The impact of public sector lending to SMEs on employment and investment
Áron Gereben, Marcin Wolski
COVID-19 Could Bring Down the Trading System – Chad Bown (Foreign Affairs)
When a pandemic collides with a leveraged global economy: The perilous side of Main Street – Mike Harmon, Victoria Ivashina (VoxEU)
Maturity, seniority and size: Make sure the ESM’s pandemic crisis support is fit for purpose! -Giancarlo Corsetti, Aitor Erce (VoxEU)
It’s retail stores and restaurants, not farms and fisheries, that suffer most from social distancing -Miklós Koren, Rita Peto (VoxEU)

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COVID-Economics Daily Links (April 28)

April 28, 2020

Blogs, Opinions and Academic papers
The Deadly Urgency of Now – Gordon Brown (PS)The COVID-19 Balancing Act
Michael J Boskin

Brakes or bans: Protecting financial markets during a pandemic – Laura Kodres (VoxEU)

COVID-19 Economic Downturn: What do cyclical norms suggest? – Stephen G Cecchetti and Kermit L. SchoenholtzCovid Economics: Vetted and Real-Time Papers (Issue 10)- CEPRScaling up the COVID-19 crisis response now will avoid higher costs later – Ceyla Pazarbasioglu and Ayhan Kose (World Bank)The Evolving Impacts of COVID-19 on Small Businesses Since the CARES Act
John Eric Humphries, Christopher Neilson and Gabriel Ulyssea (SSRN)How South Korea Stopped COVID-19 Early – Myoung-Hee KimHow the Tension Between Big Business and Antitrust Will Reshape Post-Covid America – Matt Stoller

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COVID-Economics Links (April 27)

April 27, 2020

Blogs, Opinions and Academic papers
Still A Long Road Ahead – Tim Duy
Pandemic Lockdown: The Role of Government Commitment – Christian Moser and Pierre Yared
It’s time to expand unemployment protections – Simeon Djankov and Dorina Georgieva (World Bank)
COVID-19 epidemic: Italian workers exposed to risk and the lockdown- Teresa Barbieri, Gaetano Basso, Sergio Scicchitano (VoxEU)
Tracking the COVID-19 crisis through the lens of 1.4 billion transactions – Vasco Carvalho et al (VoxEU)
The interaction between Covid-19 and an ageing society – Andrew Scott, Jonathan David Old (VoxEU)
COVID-19 and the poverty of IMF macroeconomics
The General Theorist
COVID-19 and Households’ Financial Distress Part 4 – St Louis Fed
Which workers bear the burden of social distancing policies? – Simon Mongey,

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COVID-Economics Links (April 26)

April 26, 2020

Health versus wealth: On the distributional effects of controlling a pandemic – Jonathan Heathcote, Andrew Glover, Dirk Krueger, Víctor Ríos-Rull (VoxEU)
The deflation threat from the virus will be long lasting – Gavyn Davies (FT)
CBO’s Current Projections of GDP, Unemployment and Federal Deficit – Congressional Budget Office
Coronavirus Projected to Trigger Worst Economic Downturn Since 1940s – WSJ
Cash in the time of corona – Andreas Joseph, Christiane Kneer, Neeltje van Horen, Jumana Saleheen (VoxEU)
Reweaving the social fabric after the crisis – Andrew Haldane (FT)
German shops reopen but celebrations in Berlin muted –
We need a better head start for the next pandemic – Mehdi Shiva (VoxEU)
Forecasting recoveries is difficult: Evidence from past recessions – Zidong An, Prakash

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COVID-Economics Links (April 25)

April 25, 2020

Blogs, Opinions and Academic papers

High inflation is unlikely but not impossible in advanced economies – Olivier Blanchard (PIIE)
How Inequality Hurts the Economy and Complicates Policy Responses to the Pandemic – Atif Mian, Ludwig Straub, and Amir Sufi (ProMarket)
Labor Demand in the Time of COVID-19 – Lisa B. Kahn, Fabian Lange and David Wiczer
Covid Economics: Vetted and Real-Time Papers (Issue 9) – CEPR
How will COVID-19 change our schools in the long run? – Douglas N. Harris (Brookings)
Funding the development and manufacturing of COVID-19 vaccines: The need for global collective action – Gavin Yamey, Kaci Kennedy and McDade (Brookings)
Corona and Financial Stability 4.0: Implementing a European Pandemic Equity Fund – Arnoud Boot et al (
Startups and employment following

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COVID-Economics Links (April 24)

April 24, 2020

Blogs, Opinions and Academic papers
A Post-Coronavirus Recovery in Asia—Extending a “Whatever it Takes” Lifeline to Small Businesses – IMF Blogs
The pandemic adds momentum to the deglobalization trend – Douglas A. Irwin (PIIE)
The coronavirus stimulus package: Quantifying the transfer multiplier – Christian Bayer, Benjamin Born, Ralph Luetticke, Gernot Müller (
National policies in a global pandemic- Thorsten Beck, Wolf Wagner (
Hibernation: Keeping firms afloat during the COVID-19 crisis – Tatiana Didier, Federico Huneeus, Mauricio Larrain, Sergio Schmukler (
Covid Economics: Vetted and Real-Time Papers (Issue 8) – CEPR
How Will COVID-19 Affect the Spending of Financially Distressed Households?- Juan Sánchez (St. Louis Fed)
Coronavirus: Testing and Freezing

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COVID-Economics Links (April 23)

April 23, 2020

Blogs, Opinions and Academic papers
The Childcare Barriers to Putting America Back to Work – Jonathan Dingel, Christina Patterson and Joseph Vavra (ProMarket)
Easing US bank regulations in the COVID-19 pandemic – Simon Potter (PIIE)
In China’s economic shock, online retail sales are prospering – Eva (Yiwen) Zhang and Yi Ji (PIIE )
EU debt as insurance against catastrophic events in the euro area: the key questions and some answers – Guntram Wolff (Bruegel)
Facts, not words: the EU role in the de-confinement phase – Jean-Pisany Ferry (Bruegel)
How the UK government should respond to the unequal local economic impacts of COVID-19 – Henry Overman (
The value of testing – Andrea Galeotti, Paolo Surico, Jakub Steiner  (
COVID-19 susceptibility, women, and work – Graziella

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COVID-Economics Links (April 22)

April 22, 2020

Blogs, Opinions and Academic papers
How to implement a comprehensive debt standstill for COVID-19 in low- and middle-income countries – Bolton et al (
Why the European Central Bank can save the eurozone – Martin Wolf (FT)
A perfect storm: COVID-19 in emerging economies – Constantino Hevia and Pablo Andrés Neumeyer  (
Don’t Waste the Pandemic Response – Bertrand Badré (PS)
Coping with COVID-19 and oil price collapse in the Gulf Cooperation Council – Rabah Arezki Rachel Yuting Fan and Ha Nguyen (World Bank)
Coronavirus poses serious financial risks to US universities – Dick Startz (Brookings)
COVID-19 and gender gaps: Latest evidence and lessons from the UK – Barbara Petrongolo, Claudia Hupkau  (
COVID-19 and the Trust Deficit – Michael Spence and David W

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COVID-Economics Links (April 21)

April 21, 2020

Three important questions to answer about global financial stabilization policies amid the coronavirus recession – Pierre-Olivier Gourinchas
We need to let economic data guide further economic policy responses to COVID-19 – Jay Shambaugh (Brookings)
A policy framework for mitigating the economic impact of COVID-19 – Izvorski et at (Brookings)
Urban Density Is Not an Enemy in the Coronavirus Fight: Evidence from China – Wanli Fang and Sameh Wahba (World Bank)
The coronavirus is not gender-blind, nor should we be – Grown and Sánchez-Páramo (World Bank)
Now is not the time? – Simon Wren-Lewis
Corona shock (UK effects of COVID-19) –  Cook, Hollowood and Newell
Misinformation During a Pandemic – Bursztyn, Rao, Roth and Yanagizawa-Drott (Becker Friedman Institute)
The European response to the

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COVID-Economics Links (April 20)

April 20, 2020

Rationing Social Contact During the COVID-19 Pandemic: Transmission Risk and Social Benefits of US Locations – Benzell, Collis and Nicolaides (SSRN)
A sustainable exit strategy – Mulheirn et al (Institute for Global Change)
The underpinnings of Sweden’s permissive COVID regime – Niels Karlson, Charlotta Stern, Daniel Klein (
The impact of the COVID-19 crisis on the equilibrium interest rate – Gavin Goy, Jan Willem van den End (
A Post-COVID-19 Digital Bretton Woods – Rohinton P. Medhora and Taylor Owen
Innovation in the Pandemic Age – Zhu Min (PS)
What we may learn from historical financial crises to understand and mitigate COVID-19 panic buying –  Kilian Rieder
Argentina’s creditors must face up to the coronavirus challenge – Kevin P. Gallagher (FT)
Covid-19 is

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COVID-Economics Links (April 19)

April 19, 2020

The impact of the coronavirus pandemic on gender equality – Alon, Doepke, Olmstead-Rumsey and Tertilt  (
Effective reproduction number in real time (US) –
Rationing Social Contact During the COVID-19 Pandemic: Transmission Risk and Social Benefits of US Locations – Benzell, Collis and Nicolaides
The Subway Seeded the Massive Coronavirus Epidemic in New York City – Jeffrey E. Harris (NBER WP)
The Geographic Spread of COVID-19 Correlates with Structure of Social Networks as Measured by Facebook – Kuchler, Russel and Stroebel (NBER WP)
Covid19 and the Macroeconomic Effects of Costly Disasters Ludvigson, Ma and Ng (NBER WP)
The corona spreads – Esteves and Sussman (
Economics Virtual Seminar Calendar – IDEAS
The SDR is an idea whose time has come –  Gavyn Davies

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COVID-Economics Links (April 18)

April 18, 2020

COVID Inequality Project – Adams-Prassl, Boneva, Golin, Rauh
EU state aid policies in the time of COVID-19 – Massimo Motta, Martin Peitz (
COVID-19 and Remote Work: An Early Look at US Data – Brynjolfsson, Horton, Pzimek, Rock, Sharma and Yi Tu Ye. 
COVID-19: How far will global merchandise trade fall? – Gary Clyde Hufbauer and Zhiyao (Lucy) Lu (PIIE)
Central bank lending logistics in the war on COVID-19: A primer – Simon Potter (PIIE)
China’s economic growth prospects are worse than during the global financial crisis – Nicholas R. Lardy and Tianlei Huang (PIIE)
Businesses Are in Uncharted Waters – Brent Meyer and Nick Parker (FRB Atlanta)
Depression, and not stagflation, could haunt China in 2020 – Alicia Garcia Herrero
Exiting the great lockdown? – Bruegel
Dealing with the

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COVID-Economics Links (April 17)

April 17, 2020

Blogs, Opinions and Academic papers
Negative interest rate policy in the post COVID-19 world – Andrew Lilley, Kenneth Rogoff (
Covid Economics: Vetted and Real-Time Papers – Issue 6, CEPR
Covid Economics: Vetted and Real-Time Papers – Issue 5, CEPR
Voluntary and Mandatory Social Distancing: Evidence on COVID-19 Exposure Rates from Chinese Provinces and Selected Countries – Chudik, Pesaran and Rebucci
Ramping up ventilator production: Lessons from WWII – Ethan Ilzetzki, Hugo Reichardt (
Propagation of the economic impact of lockdowns through supply chains – Hiroyasu Inoue, Yasuyuki Todo  (
Ensuring state continuity during the coronavirus pandemic – Ed Olowo-Okere (World Bank)
Eurobonds (or coronabonds) would not be costly for Northern euro area countries –

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COVID-Economics Links (April 16)

April 16, 2020

Blogs, Opinions and Academic papers
Responding to COVID-19 in the Developing World – Ahmed Mushfiq Mobarak (Yale insights)
The COVID crisis and productivity growth – Filippo di Mauro, Chad Syverson (
Work after COVID: A new regime for independent workers – Eduardo Levy Yeyati, Luca Sartorio (
Weak exports will not stall China’s manufacturing recovery – Nicholas R. Lardy and Tianlei Huang (PIIE)
COVID-19 Pandemic and the Asia-Pacific Region: Lowest Growth Since the 1960s – Chang Yong Rhee (IMF)
Cushioning the Poor from the COVID-19 Shock – Rema N. Hanna and Benjamin A. Olken
Toward a European Reconstruction Fund –  Guy Verhofstadt and Luis Garicano
The unemployment impacts of COVID-19: lessons from the Great Recession – Stephanie Aaronson and Francisca Alba

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COVID-Economics Links (April 15)

April 15, 2020

The three ways fiscal policy can be used to fight COVID-19 and the coronavirus recession – Olivier Blanchard
Covid Economics: Vetted and Real-Time Papers (4th issue), CEPR
A long-run view on the Coronabonds debate: The forgotten history of European Community debt – Sebastian Horn, Josefin Meyer, Christoph Trebesch (
Estimating and Simulating a SIRD Model of COVID-19 – Jesús Fernández-Villaverde and Chad Jones
National governments have gone big. The IMF and World Bank need to do the same – Gordon Brown and Lawrence Summers
Economic Fallout from the COVID-19 Crisis on Developing Economies – Megan Greene and Michael Klein
COVID-19 and the privacy tradeoff – Jean Pisani-Ferry (PIIE)
COVID-19 Crisis Poses Threat to Financial Stability – Tobias Adrian and Fabio Natalucci (IMF)

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COVID-Economics Links (April 14)

April 14, 2020

Blogs, Opinions and Academic papers
The G20 not only should but can be meaningfully useful to recovery from the COVID-19 pandemic –
Maurice Obstfeld and Adam S. Posen (PIIE)Suspend Emerging and Developing Economies’ Debt Payments – Carmen M. Reinhart and Kenneth Rogoff (PS)Coronavirus: A resilient logistics sector can save lives and livelihoods – World Bank BlogsDoing more with less: How the IMF should respond to an emerging markets crisis – Tobias Krahnke ( to do about the coming debt crisis in developing countries – Homi Kharas (Brookings)Combating COVID-19: Lessons from South Korea – Michael J Ahn (Brookings)How would you distribute COVID-response funds to poor countries? – World Bank BlogsThe Europe makes a down payment on economic solidarity – Jacob Funk Kirkegaard

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