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Tag Archives: COVID-19

The pandemic will structurally change the global economy more than we think

It is time to rethink many of the basic principles of our economic model to mitigate the impacts of the COVID-19 pandemic. Those who say there are no letters left in the alphabet to describe the evolution of the world economy after the pandemic are absolutely right. It is abundantly clear now that we cannot expect to see a rapid V-shaped recovery — nor should we expect a complete stagnation or a L-shaped recovery. The square root-shaped economy The newest version of recovery, the K-shape,...

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Trump, prodige politique ?

Share the post "Trump, prodige politique ?" Chaque lundi avant le 3 novembre, je publie une tribune dans l’Humanité sur l’élection présidentielle aux États-Unis. Chaque tribune sera republiée ici le mercredi. Voici le deuxième article, publié le 12 octobre.  Lorsque Donald Trump a annoncé qu’il avait contracté la Covid-19, Rachel Maddow – présentatrice du réseau MSNBC considéré comme proche du Parti démocrate – s’est empressée d’écrire sur Twitter, « Que Dieu bénisse...

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What role for the European Semester in the recovery plan?

In this paper, the author looks at the implications arising from the focus of the Recovery and Resilience Plans in the context of the European Semester. By: Thomas Wieser Date: October 12, 2020 Topic: European Macroeconomics & Governance This study was prepared for the European Parliament’s  ECON Committee. The study is available on the European Parliament’s online database, ‘ThinkTank‘. Copyright remains with the European Parliament at all times. Accessing funds of the...

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Revue de Presse: 11 octobre

Share the post "Revue de Presse: 11 octobre" Si Alexis de Tocqueville rendait à nouveau visite aux Etats-Unis aujourd’hui, il serait inquiet pour le sort de leur démocratie, avancent Aurelian Craiutu, contributeur à La revue Tocqueville, et Sheldon Gellar. Dans leur article pour le Institute of Intellectual History, ils jugent que l’inégalité des conditions et la polarisation politique auraient particulièrement inquiété Tocqueville. Mais malgré le fait que l’Amérique...

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Democracy’s Future: Philosophy and Queerness as Ways of Death

Share the post "Democracy’s Future: Philosophy and Queerness as Ways of Death" The Covid-19 epidemic has me feeling stuck. I’m held in place by confinement, border closures and quarantines, and held in time by the deferral, or cancellation, of the future—a year’s worth of conferences have been struck from the calendar. With no certainty that either the freedom of movement or the orienting structures of the pre-Covid past will return, tomorrow is a blank. The precarity...

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Big shifts: Lessons from the 1980s for the labour market after Covid-19

The economy-wide restructuring that set in after the crisis of the 1970s harbours some important lessons for the imminent post-Covid world, Bob Hancké argues. Many industrial sectors that provided working class families with stable incomes disappeared, taking the life chances of those left behind with them. But that did not happen everywhere and understanding the origins and consequences of the different adjustment paths can help avoid a second generation of losers from economic...

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Le fleuve qui déborde de son lit

Share the post "Le fleuve qui déborde de son lit" Chaque lundi avant le 3 novembre, je publie une tribune dans l’Humanité sur l’élection présidentielle aux États-Unis. Chaque tribune sera republiée ici le mercredi, avec l’accord du journal. Voici le premier article, publié le 5 octobre.  Tocqueville avait vu juste : l’élection présidentielle est un « moment de crise nationale » aux États-Unis. Et plus encore en 2020 qu’en 1832, puisque les Américains se trouvent à...

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Assessing Next Generation EU

The unprecedented fiscal package adopted by the European Council this summer – dubbed Next Generation EU – is vital for the recovery of the euro area, write Lorenzo Codogno and Paul van den Noord. However, they estimate that the creation of a Eurobond and permanent fiscal capacity at the centre would have been a more powerful means to mitigate the impact of the crisis. The magnitude of the Covid-19 shock to economic activity in the Eurozone and elsewhere is unprecedented in post war...

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Extended solidarity? The social consequences of Covid-19 for marginalised migrant groups in Germany

The Covid-19 pandemic has resulted in sweeping changes across European societies. But what has it meant for the most vulnerable? Cecilia Bruzelius and Nora Ratzmann present an assessment on the impact on marginalised groups of migrants in Germany and identify some potential long-term trends that may result from the crisis. The Covid-19 pandemic has radically exposed inequalities, evidenced for example in differentiated access to (quality) health care, conditions for mobility and...

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Government-guaranteed bank lending six months on

In March and April 2020, European governments announced massive credit support programmes. After an initial surge, take-up appears to be stabilising (with a lag in Italy), despite second wave shocks in some countries. More recent data confirms that fiscal capacity has not visibly constrained national governments in the support they have provided so far. Credit-support measures, such as loan guarantees, have been one of the main tools to soften the economic blow of COVID-19. Early in the...

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