Faster than anyone expected and in ways few anticipated, COVID-19 is changing the world. Economics is changing with it. Recently, our Professors Richard Baldwin and Beatrice Weder di Mauro co-edited two VoxEU-eBooks.
The first is titled Economics in the Time of COVID-19 and addresses some key questions concerning the economic impact emerging from the pandemic. How, and how far and fast, will the economic damage spread? How bad will it get? How long will the damage last? What are the mechanisms of economic contagion? And, above all, what can governments do about it?
The second book, Mitigating the COVID Economic Crisis: Act Fast and Do Whatever It Takes, looks beyond a mere analysis of the economic damage caused by the global pandemic and presents policy programmes necessary to mitigate the crisis. Leading economists from around the world are calling for swift policy action. 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.
Recently, Professors Baldwin, Weder di Mauro and Panizza hold a webinar that drew on contributions from the two books.