The Economic and Business Implications of Covid-19

by ClausenCenter | Apr 2, 2020 | News

Through their research, Clausen Center faculty and visiting scholars are addressing the economic and business implications of the coronavirus pandemic, as well as policy approaches that may help lessen the damage to the global economy. The links below will take you to the articles, interviews, and working papers covering these topics. Please check back frequently for new updates.

• “Flatten the Curve of Infection and the Curve of Recession at the Same Time,” Foreign Affairs, by Pierre-Olivier Gourinchas
• “Jobs Aren’t Being Destroyed this Fast Elsewhere. Why Is That?” The New York Times, by Emmanuel Saez and Gabriel Zucman
• “The Sudden Stop,” The Indicator from Planet Money, interview with Pierre-Olivier Gourinchas

• “Containment efficiency and control strategies for the Corona pandemic costs,” working paper, by Claudius Gros, Roser Valenti, Kilian Valenti, and Daniel Gros

• “Will Sky-High Unemployment Lead to Authoritarianism or Progress?” The Guardian, by Barry Eichengreen
• “Coronanomics 101,” Project Syndicate, by Barry Eichengreen
• “The Covid-19 Default Time Bomb,” Project Syndicate, by Pierre-Olivier Gourinchas and Chang-Tai Hsieh
• “EU solidarity in exceptional times: Corona transfers instead of Coronabonds,” Vox, by Daniel Gros

• “How Europe Should Manage the Coronavirus-Induced Crisis, Project Syndicate,” by Daniel Gros

• “Three Steps Needed to Avoid Economic Collapse: Protect Workers’ Jobs, Small Businesses, and Banks,” (Part 1); “The Enormous Price of Poor Response,” (Part 2), and “The Special Problems of Developing Nations, and the Need for IMF, World Bank, and Multilateral Support,” (Part 3), The Authoritative Source, video interviews with Pierre-Oliver Gourinchas
• “Il faut suspendre les remboursements de dette souveraine aux créanciers des pays émergents,” Le Monde, by Chang-Tai Hsieh and Pierre-Olivier Gourinchas
• “Sovereign debt standstills:An update,” VoxEU: CEPR Policy Portal, by Patrick Bolton, Lee Buchheit , Pierre-Olivier Gourinchas, Mitu Gulati, Chang-Tai Hsieh, Ugo Panizza, Beatrice Weder di Mauro
• “How to Prevent a Sovereign Debt Disaster.” Foreign Affairs, by Patrick Bolton, Lee Buchheit, Pierre-Olivier Gourinchas, Mitu Gulati, Chang-Tai Hsieh, Ugo Panizza, Beatrice Weder di Mauro

Jobs Aren’t Being Destroyed This Fast Elsewhere. Why Is That?

by ClausenCenter | Mar 31, 2020 | News

UC Berkeley economics professors Emmanuel Saez and Gabriel Zucman have published an article in The New York Times exploring what policymakers can do to protect jobs during the pandemic. They argue that the U.S. can prevent rampant unemployment and ease the way for economic recovery by applying solutions that help during national crises.