Covid-19
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...
Please, Don’t Use Taxpayer Money to Bail Out Investors Like Me
When we invested in stocks and bonds, we knew we might have to face a storm or two. The high returns we received on...
The Covid-19 Bailout That Big Business Is Lobbying for Could Make America Unrecognizable
Supporting industries is necessary to mitigate the economic impact of the pandemic. But using the coronavirus as an excuse, Boeing and other companies are...
Stick, Carrot, and Evergreen Loans: A Policy Proposal to Save Small and Medium-Sized Firms
Restaurant owners, retailers, and the like employ more than 50 percent of the US workforce, yet neither have cash buffers nor access to Federal Reserve support. In...
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...
Bethany McLean’s Weekend Reading List: Warnings Unheeded, Stock Selling, and the Chinese Cover-Up
Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.
I had an utterly irrational sliver of...
“This Crisis Is Different: the Coronavirus Is a Social Disease Which We Need to Tackle as a Community”
In an extensive interview, former Governor of the Reserve Bank of India and Chicago Booth professor Raghuram Rajan discusses the pandemic's impact on financial...
The Virus Outbreak Changed the Democratic Primaries: Sanders Is Running on Borrowed Time
Joe Biden swept Florida, Illinois, and Arizona on Tuesday, jumping ahead to 1,173 of the 1,991 delegates he needs to win the presidential nomination....
What the European Union Can Do to Overcome Liquidity Shortages for Firms
European institutions can mitigate the negative impact of the coronavirus crisis: the European Investment Bank (EIB) can borrow from the European Central Bank (ECB) and...
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...
