Publication Series

Covid Economics Series

Book

Economics in the Time of COVID-19

• Richard Baldwin
• Beatrice Weder di Mauro

6 Mar 2020

• COVID-19

Chapters

• Introduction: Economics in the Time of COVID-19
• Macroeconomics of the flu
• Tackling the fallout from COVID-19
• The economic impact of COVID-19
• Novel coronavirus hurts the Middle East and North Africa through many channels
• Thinking ahead about the trade impact of COVID-19
• Finance in the times of coronavirus
• Contagion: Bank runs and COVID-19
• Real and financial lenses to assess the economic consequences of COVID-19
• As coronavirus spreads, can the EU afford to close its borders?
• Trade and travel in the time of epidemics
• On plague in a time of Ebola
• Coronavirus monetary policy
• The economic effects of a pandemic
• The good thing about coronavirus

Book

Mitigating the COVID Economic Crisis: Act Fast and Do Whatever It Takes

• Richard Baldwin
• Beatrice Weder di Mauro

Chapters

• Introduction: Mitigating the COVID Economic Crisis: Act Fast and Do Whatever It Takes
• So far, so good: And now don't be afraid of moral hazard
• Flattening the pandemic and recession curves
• Limiting the economic fallout of the coronavirus with large targeted policies
• Italy, the ECB, and the need to avoid another euro crisis
• The EU must support the member at the centre of the COVID-19 crisis
• Helicopter money: The time is now
• What the stock market tells us about the consequences of COVID-19
• Ten keys to beating back COVID-19 and the associated economic pandemic
• Saving China from the coronavirus and economic meltdown: Experiences and lessons
• China's changing economic priorities and the impact of COVID-19
• Singapore's policy response to COVID-19
• The experience of South Korea with COVID-19
• COVID-19: Europe needs a catastrophe relief plan
• The COVID-19 bazooka for jobs in Europe
• The monetary policy package: An analytical framework
• Bold policies needed to counter the coronavirus recession
• Europe ís ground zero
• Economic implications of the COVID-19 crisis for Germany and economic policy measures
• Finance in the times of COVID-19: What next?
• How COVID-19 could be like the Global Financial Crisis (or worse)
• Protecting people now, helping the economy rebound later
• Policy in the time of coronavirus
• Containing the economic nationalist virus through global coordination
• The case for permanent stimulus

Book

COVID-19 and Trade Policy: Why Turning Inward Won’t Work

• Richard Baldwin
• Simon Evenett

Chapters

• Introduction: COVID-19 and Trade Policy: Why Turning Inward Won’t Work
• How trade can fight the pandemic and contribute to global health
• COVID-19: Demand spikes, export restrictions, and quality concerns imperil poor country access to medical supplies
• Flawed prescription: Export curbs on medical goods wonít tackle shortages
• COVID-19: Expanding access to essential supplies in a value chain world
• COVID-19: Export controls and international cooperation
• Trade policy and food security
• Export restrictions in times of pandemic: Options and limits under international trade agreements
• Global supply chains will not be the same in the post-COVID-19 world
• Resilience versus robustness in global value chains: Some policy implications
• Will the post-COVID world be less open to foreign direct investment?
• An unintended crisis in sea transportation due to COVID-19 restrictions
• Exposing governments swimming naked in the COVID-19 crisis with trade policy transparency (and why WTO reform matters more than
• What's next for protectionism? Watch out for state largesse, especially export incentives

Book

Europe in the Time of Covid-19

• Agnès Bénassy-Quéré
• Beatrice Weder di Mauro

22 May 2020

• COVID-19
• EU Economic Architecture

Chapters

• EU solidarity in fighting COVID-19: State of play, obstacles, citizens’ attitudes, and ways forward
• The EU needs an independent public health authority to fight pandemics such as the COVID-19 crises
• Corporate debt burdens threaten economic recovery after COVID-19: Planning for debt restructuring should start now
• Coronavirus and financial stability 3.0: Try equity – risk sharing for companies, large and small
• Corona and Financial Stability 4.0: Implementing a European Pandemic Equity Fund
• The European Commission’s SURE initiative and euro area unemployment re-insurance
• Immigrant key workers in Europe: The COVID-19 response that comes from abroad
• EU state aid policies in the time of COVID-19
• The EU recovery fund: An opportunity for change
• Green bridges: Reconnecting Europe to avoid economic disaster
• European bank regulators aren’t yet doing what it takes
• The coronavirus shock to financial stability
• IFRS 9 and COVID-19: Delay and freeze the transitional arrangements clock
• Unintended effects of loan guarantees during the Covid-19 crisis
• COVID-19: Europe needs a catastrophe relief plan
• A progressive European wealth tax to fund the European COVID response
• EU solidarity in exceptional times: Corona transfers instead of Coronabonds
• Coronataxes as a solution
• A proposal for a Covid Credit Line
• The ESM can finance the COVID fight now
• Maturity, seniority and size: Make sure the ESM’s pandemic crisis support is fit for purpose!
• COVID-19: A euro area safe asset and fiscal capacity are needed now
• Corona bonds – great idea but complicated in reality
• ESM loans or Coronabonds: A legal analysis from the German perspective
• Sharing the fiscal burden of the crisis: A Pandemic Solidarity Instrument for the EU
• COVID-19 economic crisis: Europe needs more than one instrument
• The economic, political and moral case for a European fiscal policy response to COVID-19
• Coronabonds: The forgotten history of European Community debt
• Towards a European Reconstruction Fund
• The EU response to the coronavirus crisis: How to get more bang for the buck
• Perpetual bonds are not the best way to finance the European Recovery Fund
• Helicopter money: The time is now
• Covid Perpetual Eurobonds: Jointly guaranteed and supported by the ECB
• Breaking the taboo: The political economy of COVID-motivated helicopter drops
• COVID-19: OMT is second-best, but still welcome
• To fight the COVID pandemic, policymakers must move fast and break taboos
• Make room for fiscal action through debt conversion

VoxEU Talk

Covid-19’s impact on innovation

• Carsten Fink
• Reinhilde Veugelers

15 Jul 2022

• COVID-19
• Productivity and Innovation

Policy insights

Policy Insight 103: Born Out of Necessity: A Debt Standstill for COVID-19

• Patrick Bolton
• Lee Buchheit
• Pierre-Olivier Gourinchas
• Mitu Gulati
• Chang-Tai Hsieh
• Ugo Panizza
• Beatrice Weder di Mauro