READING LIST

The Covid-19 Economy

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...

From Most No-Brainer to Most Complicated: A List of Policy Proposals to Mitigate the Virus’ Impact

Policymakers need to figure out which sectors we wish to keep up and running (food, health care), which sectors we want to contract rapidly but bounce back rapidly as well (education), and which sectors we do not want to...

This Is Not a Financial Crisis, So Why Should We Bailout Wall Street (Again)?

Republican and Democratic Senators reached a deal on a $2 trillion bill to help businesses and people hit by the coronavirus outbreak. But the bill also includes slush funds to bail out market funds and guarantee trillions of dollars of...

How to Interpret Financial Market Movements to Predict the Impact of Coronavirus on GDP

Equity markets in the EU and US dropped by as much as 30 percent, which means that investors have revised downward their estimate of future profits by as much as 30 percent. This leads to an estimate that GDP growth over the...

Why Mass Testing Is Crucial: the US Should Study the Veneto Model to Fight Covid-19

The Italian experience suggests that locking downtowns is a necessary but insufficient condition to stop the spread of the disease. If 50 percent of the infected are asymptomatic, there is no hope of containing the disease unless we subject...