Video Vox

James Bullard 16 April 2020

James Bullard, Federal Reserve Bank of St. Louis, considers current estimates that work-from-home output might be 90% of normal output to be over optimistic. His suggestion is that we should stop worrying about growth rates for Q2 and just write it off.

James Bullard 16 April 2020

The actions and policies taken to control the spread of COVID-19 in the US have had the effect of engineering a controlled, partial and temporary shutdown of certain sectors of the economy. James Bullard, Federal Reserve Bank of St. Louis, tells Tim Phillips about the implications of theses radical changes to the management of the US economy in the near term.

Debraj Ray 16 April 2020

Governments have a tendency to prefer minimising visible dangers. A tight lockdown reduces visible deaths from Covid-19, but brings with it diffuse, and relatively invisible deaths (for example suicide, domestic violence). Debraj Ray (NYU) is coauthor of CEPR's Policy Insight 102: India's Lockdown 

Lore Vandewalle 16 April 2020

In India, the trade-off the government is facing is not lives vs the economy when it comes to fighting Covid-19, but lives vs lives. The aim is not to lose more people to the containment measures than the virus would claim without them. Lore Vandewalle (IHEID) is a coauthor of CEPR Policy Insight 102, India's Lockdown

Debraj Ray, Lore Vandewalle 15 March 2020

On 24 March 2020, the government of India ordered a nationwide lockdown of 1.3 billion people for 21 days as a preventive measure against COVID-19. Given what we know of the epidemic, it is difficult to quarrel with the prescription of social distancing and lockdown, when accompanied by state measures that provide adequate economic protection, but what happens in countries where the state is unable to provide the necessary back-up welfare measures? Debraj Ray (NYU) and Lore Vandewalle (IHEID) discuss the ideas presented in the CEPR Policy Insight they recently authored (together with Sreenivasan Subramanian). Download the paper here

Marti Subrahmanyam 14 April 2020

Marti Subrahmanyam, Stern School of Business at New York University, talks about the role of localbanks in helping European firms weather the Covid-19 crisis.
Taken from the SAFE-CEPR Policy Webinar on Corona & Risk Sharing: A European Equity Fund - April 8th 2020

Laurence Boone 09 April 2020

Laurence Boone, OECD, talks to Tim Phillips about the rapidly increasing economic impact of Covid-19 and in particular of the measures being taken to contain its spread.

Warwick Mckibbin 08 April 2020

When Covid-19 wasn't even on the radar of most policymakers, Warwick McKibbin of ANU used his experience from previous pandemics to create seven scenarios for its impact. All implied a major shock to the global economy. Tim Phillips asks him how his model was able to capture the nature of Covid-19, and which policymakers listened to the warning.

Lucrezia Reichlin 08 April 2020

Lucrezia Reichlin of the London Business School looks at measures such as the ESM and OMT arising from the 2008 crisis and explains why different instruments will be needed to handle the economic fallout of the Covid-19 crisis.  A multi-instrumental approach is required.
Taken from CEPR's Webinar: Will this crisis bring Europe together or tear it apart?, recorded Monday 6th April 2020

Luis Garicano 06 April 2020

Luis Garicano talks to Tim Phillips about his proposal, outlined in the VoxEU.org eBook, Mitigating the Covid Economic Crisis, for a European 'bazooka' to protect jobs and wages. Funding plans he proposes are based on legislative proposals that already exist but have not yet been developed. It is now time to finish implementing them.

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