Published on VOX, CEPR Policy Portal (https://voxeu.org)

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

Richard Baldwin, Beatrice Weder di Mauro 18 March 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

Introduction
Richard Baldwin and Beatrice Weder di Mauro

1 So far, so good:  And now don't be afraid of moral hazard
Charles Wyplosz

2 Flattening the pandemic and recession curves
Pierre-Olivier Gourinchas

3 Limiting the economic fallout of the coronavirus with large targeted policies
Gita Gopinath

4 Italy, the ECB, and the need to avoid another euro crisis
Olivier Blanchard

5 The EU must support the member at the centre of the COVID-19 crisis
Alberto Alesina and Francesco Giavazzi

6 Helicopter money: The time is now
Jordi Gali

7 What the stock market tells us about the consequences of COVID-19
Stefano Ramelli and Alexander Wagner

8 Ten keys to beating back COVID-19 and the associated economic pandemic
Shang-Jin Wei

9 Saving China from the coronavirus and economic meltdown: Experiences and lessons
Yi Huang, Chen Lin, Pengfei Wang and Zhiwei Xu

10 China's changing economic priorities and the impact of COVID-19
Jonathan Anderson

11 Singapore's policy response to COVID-19
Danny Quah

12 The experience of South Korea with COVID-19
Inkyo Cheong

13 COVID-19: Europe needs a catastrophe relief plan
Agnès Bénassy-Quéré, Ramon Marimon, Jean Pisani-Ferry, Lucrezia Reichlin, Dirk Schoenmaker and Beatrice Weder di Mauro

14 The COVID-19 bazooka for jobs in Europe
Luis Garicano

15 The monetary policy package: An analytical framework
Philip R. Lane

16 Bold policies needed to counter the coronavirus recession
Christian Odendahl and John Springford

17 Europe ís ground zero
Ugo Panizza

18 Economic implications of the COVID-19 crisis for Germany and economic policy measures
Peter Bofinger, Sebastian Dullien, Gabriel Felbermayr, Clemens Fuest, Michael Hüther, Jens Südekum and Beatrice Weder di Mauro

19 Finance in the times of COVID-19: What next?
Thorsten Beck

20 How COVID-19 could be like the Global Financial Crisis (or worse)
Nora Lustig and Jorge Mariscal

21 Protecting people now, helping the economy rebound later
Jason Furman

22 Policy in the time of coronavirus
Pinelopi Goldberg

23 Containing the economic nationalist virus through global coordination
Adam S. Posen

24 The case for permanent stimulus
Paul Krugman

Source URL: https://voxeu.org/content/mitigating-covid-economic-crisis-act-fast-and-do-whatever-it-takes

Links
[1] https://voxeu.org/system/files/epublication/COVIDEconomicCrisis.pdf