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Articles by Baldwin, Weder di Mauro

Mitigating the COVID Economic Crisis: Act Fast and Do Whatever It Takes

March 18, 2020

Leading economists from around the world are calling for swift policy action to mitigate the economic damage from the global pandemic. In this second eBook on the coronavirus from CEPR and Vox, the experts are unanimous that the case for decisive and coordinated fiscal stimulus is overwhelming.

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Contents
IntroductionRichard Baldwin and Beatrice Weder di Mauro
1 So far, so good:  And now don’t be afraid of moral hazardCharles Wyplosz
2 Flattening the pandemic and recession curvesPierre-Olivier Gourinchas
3 Limiting the economic fallout of the coronavirus with large targeted policiesGita Gopinath
4 Italy, the ECB, and the need to avoid another euro crisisOlivier Blanchard
5 The EU must

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Economics in the Time of COVID-19

March 6, 2020

COVID-19 may be as contagious economically as it is medically. This eBook addresses some key questions: How, and how far and fast, will the economic damage spread? How bad will it get? How long will the damage last? What are the mechanisms of economic contagion? And, above all, what can governments do about it?

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Contents
IntroductionRichard Baldwin and Beatrice Weder di Mauro
1 Macroeconomics of the fluBeatrice Weder di Mauro
2 Tackling the fallout from COVID-19Laurence Boone
3 The economic impact of COVID-19Warwick McKibbin and Roshen Fernando
4 Novel coronavirus hurts the Middle East and North Africa through many channelsRabah Arezki and Ha Nguyen
5 Thinking ahead about the trade impact of

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Economics in the time of COVID-19: A new eBook

March 6, 2020

Editor’s note: This column introduces a new VoxEU eBook that presents 14 essays written by leading economists on a wide array of topics related to COVID-19 economics.
Download Economics in the Time of COVID-19 here
The new coronavirus (COVID-19, to be technical about it) is both something new and something old. As usual, this pandemic is both an aggregate demand and an aggregate supply shock. That makes it difficult to address with standard macroeconomic tools. As Richmond Federal Reserve Bank president Tom Barkin said, “central banks can’t come up with vaccines.” But this pandemic is really, really different. 
The fact that it has hit China first and hardest makes it something new since China has, in recent decades, become the ‘OPEC of industrial intermediate goods’.

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