SINGLE-PUBBLICAZIONE

Special Covid-19 Series, Issue #19

Autore :

Data: 30-11-2020

Tipo: Other

Tematica: Action Institute

Hello, Action Institute Community!

While the COVID-19 pandemic is hurting the global economy, we at Action Institute aim at delivering a whole-rounded perspective, cutting through the noise.
Our weekly Special series approaches the effects of the virus 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. We encourage our esteemed readers to provide us with feedback and suggestions.
 
This weekly issue proposes a selection of papers and articles focused on Politics, Institutions and International Policy and Macroeconomic Issues.
 

POLITICS, INSTITUTIONS AND INTERNATIONAL POLICY

“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 political consequences of the Covid pandemic: Lessons from cross-country polling data (Vox.eu, Helios Herrera, Max Konradt, Guillermo Ordoñez, Christoph Trebesch, November 6th, 2020). The column explores the political costs of (mis-)managing the pandemic, suggesting that governments are punished when COVID-19 infections accelerate, especially in the absence of effective lockdown measures.

 “Why the developing world needs a bigger pandemic response (FT, Jonathan Wheatley, November 19th, 2020). The article discusses the lack of a coordinated response of the international institutions such as International Monetary Fund (IMF) and World Bank in supporting developing countries in the current crisis.

 “The complexity of managing COVID-19: How important is good governance? (Brookings, Alaka M. Basu, Kaushik Basu, Jose Maria U. Tapia, November 17th, 2020). The article analyses the policies adopted by the governments of India and Peru in fighting the crisis and what effect these governance strategies have had, as well how the future could look like.
 

MACROECONOMIC ISSUES

“Economics has never been a science – and it is even less now than a few years ago.”, Paul Samuelson
 
Monetary policy in the time of COVID-19, or how uncertainty is here to stay” (Bruegel, Maria Demertzis, Marta Dominguez-Jimenez, November 12th, 2020).The paper analyses how the current uncertainty due to the COVID-19 crisis manifests itself in European Central Bank (ECB) decision-making and the long-run challenges the ECB faces.

 “The evolution of European economic institutions during the COVID-19 crisis” (Bruegel, Antoine Camous and Grégory Claeys, November 19th, 2020). The article discusses the potential of countercyclical transfers financed by common debt issuance and how monetary and fiscal measures implemented at the beginning of the pandemic have contributed to mitigate economic consequences of lockdowns.

 “A Covid-19 Vaccine Could Unleash Pent-Up Demand, Bringing Along Inflation” (WSJ, David Harrison, November 22nd, 2020). Some economists fear that a COVID-19 vaccine could allow people to return to their pre-pandemic life and cause a surge in spending, leading to an increase in prices.

 “A Better Model for Economic Forecasting During the Pandemic” (HBR, Demitry Estrin, Jane Tang and Vidya Subramani, November 10th, 2020). The authors present a model to effectively predict spending habits of consumers during the crisis. The key, they say, is to build consumer sentiment into economic forecasting models.

Credit

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

Herbert Hoover […]

Health

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

World Health Organization […]

Innovation

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 […]