Special Covid-19 Series, Issue #4

Autore :

Data: 01-04-2020

Tipo: Other

Tematica: Action Institute

This is a series of Specials to provide an overview of the COVID-19 pandemic, approaching it from different perspectives: from medical facts to health policy, from economic policy to macroeconomic issues, from politics to financial markets, from technology to the impact on businesses and more.


In this fourth issue you find a selection of papers and articles in four areas: (i) Economic Policy, (ii) Politics, Institutions and International Policy, (iii) Macroeconomic Issues and (iv) Health Policy.


“Economists agree about economics – and that’s a science – and they disagree about economic policy because that’s a value judgment.”, Franco Modigliani.


 “COVID-19 Fiscal response: what are the options for the EU Council?” (Bruegel, Grégory Claeys and Guntram B. Wolff, March 26, 2020). The authors briefly explain the pros and cons of Europe’s main economic tools to soften the Coronavirus-induced economic crisis.

 “Rich countries try radical economic policies to counter Covid-19 ” (The Economist, March 26, 2020). The article deals with how Governments from rich countries are acting with unprecedented vigor and resolution in their fight against the economic fallouts of Covid-19.

 “The Coronavirus shock to financial stability” (Voxeu, Enrico Perotti, March 27, 2020). The author argues that the Coronavirus shock will threaten the liquidity of the shadow banking sector and warn us on the possible upcoming financial risks we may face.

 “Where is the US government getting all the money it’s spending in the Coronavirus crisis?” (Brookings, Louise Sheiner and David Wessel, March 25, 2020). In the article, the authors examine the main ways in which the US Government is financing its massive spending programs to face the upcoming economic crisis.

 “How Asia has fought the economic fallout of Coronavirus“(Financial Times, March 26, 2020). The article reviews the main economic measures undertaken by Asian countries to provide financial relief for both citizens and businesses.


“Just because you do not take an interest in politics, it doesn’t mean that politics won’t take an interest in you.”, Pericles.


 “The world after Coronavirus” (Financial Times, Yuval Noah Harari, March 20, 2020). Reflection on how today’s measures against Coronavirus will also have an impact on the future.

Coronavirus crisis pushes Europe into nationalist economic turn” (Financial Times, Guy Chazan and Jim Brunsden, March 20, 2020). The authors illustrate how the current economic difficulties are indirectly nudging many national governments into more protectionist policies and positions.

When China’s economy met the virus: the challenge of deglobalization” (Aspen Institute, March 13, 2020). The authors analyse the elements of China’s global engagement that are now pulling back as a result of the Coronavirus.


“Economics has never been a science – and it is even less now than a few years ago.”, Paul Samuelson


The economic effects of COVID-19 around the world” (World Economic Forum, Rosamond Hutt, March 24, 2020). The article reviews the many negative economic effects of Coronavirus, from the slowdown in the global economy to the destructive effect it has on air travel, tourism and international trade.

 “The fiscal consequences of the pandemic” (Bruegel, Zsolt Darvas, March 30, 2020). The article shows the effect that three economic scenarios would have on the trend of public debt in some countries.

carnegie “China’s Economic Growth Now Depends on the West” (Carnegie, Yukon Huang, March 19, 2020). The article explains how China’s economic recovery, despite plans to restore its usual production capacity in the coming weeks, needs Western markets to materialise.

 “Coronavirus could slash German economy by over 20 percent: study” (Politico, Joshua Posaner, March 23, 2020). A study of the German think tank Ifo Institute argues that the German economy may suffer from a sharp contraction in GDP and a deterioration of public accounts due to Coronavirus.

 “Coronavirus: will China rescue the world economy?” (Financial Times, Tom Griggs, March 27, 2020). The author of the video wonders if today, as in 2008, China will be able to pull the world out of the economic crisis.


“In Public Health, honesty is worth a lot more than hope.”, The Economist.


 “Containing Coronavirus: lessons from Asia” (Financial Times, Kathrin Hille and Edward White, March 16, 2020). The article explains how Asian countries are facing the pandemic crisis and their success thanks to the past experience of Sars.

 “A mortality perspective on COVID-19: time, location, and age” (Brookings, Katharina Fenz and Homi Kharas, March 23, 2020). The author describes how Covid-19 is spread under three factors – time, location and age – reminding how important timely public intervention is to limit damage.

 “The mystery of the true Coronavirus death rate” (Financial Times, Camilla Hodgson, March 30, 2020). The author questions the authenticity of the Covid-19 mortality rates, underlining some aspects that could spoil the count.

 “Lessons from Italy’s Response to Coronavirus” (Harvard Business Review, Gary P. Pisano, Raffaella Sadun and Michele Zanini, March 27, 2020). The purpose of this article is to help policymakers learn from Italy’s mistakes so they can recognize and address the challenges presented by the rapidly expanding crisis.


Let me remind you that credit is the lifeblood of business, the lifeblood of prices and jobs.

Herbert Hoover […]


Good health is essential to social and economical development and it empowers all of the public sectors.

World Health Organization […]


Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.

Peter Drucker […]

Human Capital

Talent is a source from which water flows constantly renewed. But this source loses its value unless it is properly used.

Ludwig Wittgenstein […]