COVID-Economics Links (May 12)

• Making the Best of a Post-Pandemic World - Dani Rodrik
• Banking regulation in the euro area: Germany is different
• Nicolas Véron (PIIE)
• Covid Economics: Vetted and Real-Time Papers - Issue 16, CEPR
• COVID-19 Is Also a Reallocation Shock - Jose Maria Barrero, Nicholas Bloom and Steven J. Davis (SSRN)
• Risks of Growing Debt vs. Fiscal Stringency in the COVID-19 Crisis - William G. Gale and Zachary Obstfeld (EconoFact)
• Federal Reserve System International Facilities- Bruce Mizrach and Christopher J. Neely (St Louis Fed)
• Bank resolution frameworks in systemic crises - Thorsten Beck, Deyan Radev, Isabel Schnabel (VoxEU)
• New York Fed Announces Start of Certain Secondary Market Corporate Credit Facility Purchases on May 12 - NY Federal Reserve
• COVID-19 crisis in the euro area: Recession or ‘double-peak’ expansion? - Philippe Weil, Refet Gürkaynak, John Fernald, Evi Pappa, Antonella Trigari (VoxEU)
• The cost of the COVID-19 crisis: Lockdowns, macroeconomic expectations, and consumer spending - Olivier Coibion, Yuriy Gorodnichenko, Michael Weber (VoxEU)
•  The fiscal costs of lockdown: Three scenarios for the UK - Pacitti, Hughes, Leslie, McCurdy, Smith and Tomlinson (VoxEU)
• Staying at home: The mobility effects of COVID-19 - Engle, Stromme and Zhou (VoxEU)
• The Global Pandemic and Run on Shadow Banks - Rajdeep Sengupta (Kansas City Fed)
• Never Say Never on Negative Rates - WSJ
• Fed’s Evans Says It Is ‘Reasonable’ to Assume Return to Growth in Second Half - WSJ
• Why the coming emerging markets debt crisis will be messy - FT
• German business body calls for European fiscal solidarity - FT