COVID-Economics Links (April 30)

Blogs, Opinions and Academic papers

• American Carnage - J Bradford DeLong (PS)
• The coronavirus recession is severe, and the damage to the U.S. economy will last years - Claudia Sahm (Equitable Growth)
• The EU recovery fund: An opportunity for change - Massimo Motta, Martin Peitz  (VoxEU)
• Lessons from the Economic-Epidemiological Frontier - Christopher Pissarides, Pietro Garibaldi and Espen R. Moen (PS)
• The effects of recessionary stimulus programmes: New evidence from the UK’s Enterprise Finance Guarantee scheme - Juanita Gonzalez-Uribe, Su Wang, Simeon Djankov (VoxEU)
• Despite flattening the curve, South Korea faces economic challenges from COVID-19 as the United States - Soyoung Han and Euijin Jung (PIIE)
• A risk-centric perspective on the central banks’ Covid-19 policy response - Ricardo Caballero, Alp Simsek  (VoxEU)
• Reading the COVID-19 Market - Jim O-Neill (PS)
• New eBook: COVID-19 and Trade Policy: Why Turning Inward Won't Work - Richard Baldwin, Simon Evenett (VoxEU)
• Covid Economics: Vetted and Real-Time Papers (Issue 11) - CEPR
• The 1918 influenza did not kill the US economy- Efraim Benmelech, Carola Frydman (VoxEU)
• The COVID-19 cost of school closures - George Psacharopoulos et al (Brookings)
• COVID-19: Testing for all or testing for some? Vinny Ricciardi, Paolo Verme and Umar Serajuddin (World Bank)
• Unemployment effects of stay-at-home orders: Evidence from high-frequency claims data -ChaeWon Baek, Peter B. McCrory, Todd Messer, Preston Mui (VoxEU)
• Public guarantees for bank lending in response to the Covid-19 pandemic - Patrizia Baudino (BIS)
• The impact of Covid-19 on emerging markets with Barry Eichengreen (Bruegel)

News

• US GDP falls 4.8% in worst economic decline since 2008 - FT
• French and Spanish economies shrink by fastest rate on record- FT
• Coronavirus leads to ‘staggering’ drop in global energy demand - FT
• Five ways the ECB can bolster the eurozone’s pandemic firepower  - FT
• Turkey digs in for currency battle - FT
• Grim Jay Powell sets Federal Reserve up for the long haul - FT
• UK manufacturing down to lowest capacity utilisation rate on record - FT
• After Firing Its Bazooka, ECB Could Reload to Fight Coronavirus - WSJ
• China, South Korea Move to Revive Business Travel Between Them  - WSJ