Articles by ProMarket writers:

How Human and Institutional Behavior Change in the Context of Pandemics: a Webinar

Princeton Professor Markus Brunnermeier and Ramanan Laxminarayan, director of the Center for Disease Dynamics, discuss the economics of pandemics. From the bubonic plague to the AIDS outbreak in San Francisco: people’s risk-taking behavior changes when they face an out-of-scale risk. To prevent major damages, detection technologies are less important than people’s incentives to report contagion. 

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Is Monetary Policy Independence Out of Date? A Mini-Course With Paul Tucker (Part 3)

The Federal Reserve and the ECB have been taking unprecedented steps to react to the financial impact of Covid-19. To frame the debate around the limits and legitimacy of central bankers’ extraordinary decisions, watch the third and final part of the Stigler Center mini-course by Sir Paul Tucker, who was deputy governor at the Bank of England during the 2008 global financial crisis. 

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Constitutional Limits to Independent Agencies and Central Banks: A Mini-Course With Paul Tucker (Part 2)

The Federal Reserve and the ECB have been taking unprecedented steps to react to the financial impact of Covid-19. To frame the debate around the limits and legitimacy of central bankers’ extraordinary decisions, watch the second part of the Stigler Center mini-course by Sir Paul Tucker, who was deputy governor at the Bank of England during the 2008 global financial crisis. 

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Should Central Banks Have Constraints During a Crisis? A Mini-Course With Paul Tucker (Part 1)

The Federal Reserve and the ECB have been taking unprecedented steps to react to the financial impact of Covid-19. To frame the debate around the limits and legitimacy of central bankers’ extraordinary decisions, watch this Stigler Center mini-course with Sir Paul Tucker, who was deputy governor at the Bank of England during the 2008 global financial crisis. 

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A Special Capitalisn’t Episode: A Cost-Benefit Analysis of the Economic Shutdown

One of the prominent economic debates to emerge during the coronavirus outbreak has been whether to continue with shelter-in-place measures that are hurting the economy but, hopefully, slowing the virus’ spread. Luigi Zingales and Kate Waldock discuss a cost-benefit analysis of social distancing and economic shutdown with Hoover Institution’s Russ Roberts. 

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The Economics of the Covid-19 Bailout: a Webinar

Princeton Professor Markus Brunnermeier and Nellie Liang, the former director of the Division of Financial Stability at the Federal Reserve, discuss the legacy of policy reaction to the 2008 global financial crisis and why this crisis is different. What is the limit of Fed intervention? What is the role of the Treasury in emergency liquidity programs? How do new measures to support corporate credit work?

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Economics, Law and Finance Professors from Major Universities Write to Congress : “Bail Out People Before Large Corporations”

“Bailouts allow investors to keep all the profits in good times without bearing the losses in bad times. Instead, bailouts impose losses on taxpayers, including those most in danger of losing their paychecks,” over 230 leading economists argue in a letter to Congress regarding the $2 trillion package that’s meant to mitigate the economic impact of the coronavirus outbreak. 

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How Covid-19 Infected Global Financial Markets: a Webinar

Princeton Professor Markus Brunnermeier and Torsten Slok, Chief Economist for Deutsche Bank Securities, discuss what happened during Wall Street’s worst week since the 2008 financial crisis. Did financial markets overact to recent news on the coronavirus outbreak and its economic consequences, or did they simply react accordingly? Should governments restore funding by bypassing the financial sector?

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