Special Covid-19 Series, Issue #13

Autore :

Data: 19-10-2020

Tipo: Parliamentary Hearing

Tematica: Credit

This is the thirteenth issue of the Action Special COVID-19 Series that Action Institute is publishing to provide an overview of the novel Coronavirus pandemic, in which the effects of the virus are approached 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 thirteenth issue you find a selection of papers and articles in three areas: (i) Macroeconomic Issues, (ii) Politics, Institutions and International Policy and (iii) Future Developments.



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


Why has COVID-19 hit different European Union economies so differently?” (Bruegel, September 22nd, 2020). The author explains which factors determine the varying degree of economic contraction experienced by EU member states.

Workers Face Permanent Job Losses as the Virus Persists” (The New York Times, Jeanna Smialke, Ben Casselman, Gillian Friedman, October 3rd, 2020). The article explains how rising long-term unemployment and permanent job losses due to the pandemic can lead to prolonged economic damage.

Sovereign risk after Covid-19” (, Wojtek Paczos, Kirill Shakhnov, September 24th, 2020). The sharp reductions in economic output and large-scale government expenditures prompted by the pandemic have led to an enhanced risk of sovereign defaults, especially in emerging economies.

Forecasting the COVID-19 recession and recovery” (, Claudia Foroni, Massimiliano Marcellino, Dalibor Stevanovic, September 29th, 2020). This article evaluates the ability of different forecasting approaches to predict the COVID-19 economic shock and forecast its potential recovery path.

Long-term unemployment poses rising risk to the economy” (Wall Street Journal, Eric Morath, October 2nd, 2020). The author explains that labor market recovery from the pandemic will be slow since many workers face prolonged joblessness and income loss.

“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 pandemic and the long haul – Why governments get COVID-19 wrong” (The Economist, September 26th, 2020). The article highlights that therapies and vaccines will not be available for long, so politicians need to work on testing and tracing.

The world needs a better World Health Organisation” (The Economist, September 12th, 2020). The article explains what is needed to improve the work of the World Health Organisation (WHO) in light of the current crisis.

Europe’s global test – the day after” (Carnegie Endowment, Rosa Balfour, September 9th, 2020). This article shows how the virus contributes to European integration and what Europe needs to do to find its place in today’s fragmented world.

Is COVID-19 the end of US hegemony? Public bads, leadership failures and monetary hegemony” (Chatham House, Carla Norrlöf, September 8th, 2020). The author analyses the consequences of the American failure to manage the COVID-19 public bad.

“The future depends on what you do today.”, Mahatma Ghandi.


The future of the university in the age of COVID” (Financial Times, Henry Mance September, 18th, 2020). The author shows how the pandemic has affected universities and how their offer must be adapted to new needs.

The postpandemic workforce: responses to a McKinsey global survey of 800 executives” (McKinsey Institute, Susan Lund, Wan-Lae Cheng, André Dua, Aaron De Smet, Olivia Robinson, and Saurabh Sanghvi, September 23rd, 2020). This survey collects the views of 800 executives regarding the post pandemic workforce. Responses suggest a disruptive period of workplace changes lies ahead.

The death of the business trip?” (Financial Times, Andrew Edgecliffe-Johnson, Alice Hancock, Claire Bushey, September 25th, 2020). The authors picture how hotels are struggling without their customers and how they must rethink their business.


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 […]