Steven Davis, co-author of 'The unprecedented stock market reaction to Covid-19', a paper in issue 1 of CEPR's new Covid Economics Review, says that the pandemic is having an effect on the US stock markets unlike anything we've ever seen before.
Download his paper here https://cepr.org/content/covid-economics-vetted-and-real-time-papers-0
Video Vox
Steven Davis 22 April 2020
Steven Davis 22 March 2020
No previous infectious disease outbreak, including the Spanish flu, has impacted the stock market as powerfully as the Covid-19 pandemic. Steven Davis (University of Chicago) and his co-authors use text-based analysis of newspaper reports back to 1900 to track stock market volatility. They also argue that policy responses to the Covid-19 pandemic provide the most compelling explanation for its unprecedented stock market impact.
Sergei Guriev 22 April 2020
Although nationalists often talk about bringing industry home, the modern economy is based more around the idea of global value chains. The European value chain model works well for participating countries and in the current crisis even seemingly largely self-sufficient countries such as the United States are found to be reliant on external sources for some medical and other supplies.
Sergei Guriev is speaking at the CEPR / PIIE webinar: Containing the economic nationalist virus through global coordination, held 15 April 2020.
Monica de Bolle 22 May 2020
Monica de Bolle, PIIE, is hopeful that, while nationalist leaders may be benefiting from a surge of popularity during the current crisis, moving forward in a post-pandemic world, they are likely to be held to account for poor policy decisions by the electorate. Taken from the CEPR / PIIE Webinar 'Containing the economic nationalist virus through global coordination', held 15 April 2020
Frédéric Jenny 20 April 2020
Politicians want to add credibility to their decisions through presentation of supporting scientific advice. The difficulty with this in the Covid-19 crisis is that scientists don't always have concrete answers and can feel pressured by politicians to go beyond what is actually known. Frédéric Jenny (ESSEC Business Scool, OECD) has contributed a paper to CEPR's new Covid Economics Review, which you can download free here https://cepr.org/content/covid-economics-vetted-and-real-time-papers-0
Frédéric Jenny 20 April 2020
Politicians have trade offs to make when it comes to Covid-19. Lockdown is an effective but costly life-saving 'treatment', but at what point does the cost outweigh the lives saved? Frédéric Jenny (ESSEC Business Scool, OECD) has contributed a paper to CEPR's new Covid Economics Review, which you can download free here https://cepr.org/content/covid-economics-vetted-and-real-time-papers-0
Frédéric Jenny 20 March 2020
Frédéric Jenny (ESSEC Business Scool, OECD) , talks about his recent paper for CEPR's new Covid Economics Review, 'Economic resilience, globalisation and market governance: Facing the Covid-19 test' The full paper is available here https://cepr.org/content/covid-economics-vetted-and-real-time-papers-0
James Bullard 16 May 2020
In the US around 1,600 firms go out of business in a normal day. James Bullard, Federal Reserve Bank of St. Louis, thinks there is little chance of businesses that were about to go under before the pandemic being shored up by the measures being taken to protect the US economy. His view is that whatever economy we had on February 1st, we want that economy on the other side of the pandemic
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.