Antonio Fatas

Modern health crises: Recession and recovery - Chang Ma, John Rogers, Sili Zhou (VoxEU.org) The EU response to the coronavirus crisis: How to get more bang for the buck - Massimo Bordignon, Guido Tabellini (VoxEU.org) 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...

As negative interest rates emerges as a tool for central banks to support growth, Antonio Fatas of INSEAD says the case for sub-zero rates may not be that convincing going by past experience. He explains how there is more than just one way to achieve negative rates which could end up being favorable to lenders, highlighting the ECB as an example.

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...

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,...

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) Email ThisBlogThis!Share to TwitterShare to Facebook...

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...

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 -...

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...

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...

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...