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Is Monetary Policy Independence Out of Date?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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Testing People and Targeted Isolation: How to Save More Lives (and the American Economy)

Nobel laureate Paul Romer’s model shows that if we use a test to determine who gets put into isolation, the fraction of the population that needs to be confined and isolated will be dramatically smaller. These benefits are available even with an imperfect test and without any contact tracing. It does take frequent testing, however, with each person getting re-tested roughly every two weeks.

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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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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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