COVID-Economics Links (May 5)

Blogs, Opinions and Academic papers

• Towards a European Reconstruction Fund - Luis Garicano
• China's weak social safety net will dampen its economic recover - Nicholas R. Lardy (PIIE) and Tianlei Huang (PIIE)
• China’s overseas lending and the looming developing country debt crisis - Sebastian Horn, Carmen Reinhart, Christoph Trebesch
• The Problem With MMT - Willem Buiter (PS)
• In the Race for a Coronavirus Vaccine, We Must Go Big. Really, Really Big -  Susan Athey, Michael Kremer, Christopher Snyder and Alex Tabarrok
• Immigrant key workers in Europe: The COVID-19 response that comes from abroad - Francesco Fasani
• Covid Economics: Vetted and Real-Time Papers - Issue 13 (CEPR)
• Central bankers should not be forward-looking in times of crisis - Paul De Grauwe, Yuemei Ji 
• COVID-19: The skewness of the shock - Nicholas Bloom, Fatih Guvenen, Sergio Salgado
• China should export more medical gear to battle COVID-19 - Chad P. Bown (PIIE)
• The Day After Tomorrow - Harold James (PS)
• How the IMF is Promoting Transparent and Accountable Use of COVID-19 Financial Assistance - IMF
• Globalisation after Covid-19: my plan for a rewired planet - Dani Rodrik
• Health vs. Wealth? Public Health Policies and the Economy During Covid-19 - Zhixian Lin, Christopher M. Meissner (NBER WP)
• A Multi-Risk SIR Model with Optimally Targeted Lockdown - Daron Acemoglu, Victor Chernozhukov, Iván Werning, Michael D. Whinston (NBER WP)
• When Do Shelter-in-Place Orders Fight COVID-19 Best? Policy Heterogeneity Across States and Adoption Time - Dhaval M. Dave, Andrew I. Friedson, Kyutaro Matsuzawa, Joseph J. Sabia (NBER WP)
• Income, Liquidity, and the Consumption Response to the 2020 Economic Stimulus Payments - Scott R. Baker, R. A. Farrokhnia, Steffen Meyer, Michaela Pagel, Constantine Yannelis (NBER WP)
• How will COVID-19 Affect Financial Assets, Delinquency and Bankruptcy? - Juan Sanchez (St Louis Fed)
• U.S. Firms Foresee Intensifying Coronavirus Impact - FRB of Atlanta
• The ABCs of the post-COVID economic recovery - Louise Sheiner and Kadija Yilla (Brookings)
• Clouded thinking in Washington and Beijing on COVID-19 crisi - Ryan Hass (Brookings)
• The US and China’s dangerous blame game will do no good - Gideon Rachman (FT)
• Planning for an American Bankruptcy Epidemic - Ben Iverson and Mark Roe (PS)

News

• German court calls on ECB to justify bond-buying programme - FT
• An absolutely enormous output gap is forming - FT
• Targeted Lockdowns Are Better - WSJ
• EU industrial supply lines need strengthening, commissioner warns - FT
• Coronavirus shock shrinks Australian economy by 10% - FT
• China’s new normal may be major export after pandemic - FT