READING LIST

The Covid-19 Economy

Defying Expectations, Bankruptcy Filings Are Down During the Covid-19 Crisis So Far

Historically, bankruptcy filings have closely tracked the business cycle and unemployment rates. However, a recent study found that this relationship has reversed during the Covid-19 crisis thus far. Social distancing, economic uncertainty, and lack of funds are...

Regulators Should Keep a Close Eye on the Little Guys in the Race for a Covid-19 Vaccine

As the race to find a Covid-19 vaccine or treatment rages on, many have raised concerns over trustworthiness of clinical research and questioned whether investigators have a conflict of interest that undermines their integrity. A new study...

Social Distancing Laws Cause Only Small Losses of Economic Activity: Scandinavian Countries as a Case Study

A new study compares the economic performance of Sweden, which avoided a government-mandated shutdown and allowed businesses to operate freely during the Covid-19 pandemic, and the neighboring Denmark, which instituted sweeping social distancing laws. Its findings show...

The Persuasive Effect of Fox News: How Increases in Fox News Viewership Reduced Compliance With Social Distancing Guidelines

Using zip-code level data on Fox News viewership and individual cellphone movement data, a recent study finds that increasing the local viewership of Fox News caused less compliance with social distancing behavior during the first few months...

Tailoring Lockdowns for Developing Countries

The Covid-19 pandemic has decimated livelihoods in developing nations, and coronavirus-related deaths are rising in Africa and South Asia at an alarming rate. How should developing countries combat the spread of Covid-19? A new study suggests that...

Lifting Lockdown Measures Won’t Bring Back Lost Jobs, New Study Suggests

A new paper examines data on local outbreaks in South Korea and finds that even in the absence of lockdowns, an increase in confirmed infections of 1 per 1,000 people caused a 2-3 percent decline in local...

Why Social Distancing Measures Seem Less Effective in the US

Guidelines assume that the less people move around, the less likely they are to be in contact. However, phone location data show that in March and April people moved less, but still gathered in smaller—and more dangerous—places,...

Capital and Ideology: a Webinar With Thomas Piketty, Robert Topel, and Edward Luce

As part of the Stigler Center’s Political Economy of Covid-19 Series of online programming, which explores the economic and political implications of Covid-19 with leading academics and experts, we hosted a discussion between Piketty and Chicago Booth...

The Childcare Barriers to Putting America Back to Work

Substantial fractions of the US labor force have children at home and will likely face obstacles in returning to work if childcare options remain closed. Under a policy where young workers return to work while schools remain closed,...

A New Capitalisn’t Episode: Should States Be Allowed to File for Bankruptcy? A Reading List

States are facing massive shortfalls due to the coronavirus outbreak. Senate Majority Leader Mitch McConnell has suggested letting states file for bankruptcy. Puerto Rico offers some hints as to whether it is a good idea or not....