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Niels Joachim Gormsen and Ralph S. J. Koijen The economic effects of the coronavirus outbreak, and the preventive measures adopted around the world, are still largely unknown. In addition, standard macroeconomic models based on fundamentals may be slow to adapt in this fast-changing environment. This column uses high-frequency data on dividend futures to evaluate the […] 

Agnès Bénassy-Quéré, Arnoud Boot, Antonio Fatás, Marcel Fratzscher, Clemens Fuest, Francesco Giavazzi, Ramon Marimon, Philippe Martin, Jean Pisani-Ferry, Lucrezia Reichlin, Dirk Schoenmaker, Pedro Teles, Beatrice Weder di Mauro It is in the interest of every EU member state that countries in the Union hit by the coronavirus are able to take the necessary measures to […] 

R. Glenn Hubbard, Hal Scott, and John L. Thornton The Federal Reserve, Treasury Department and banking regulators deserve congratulations for their bold, necessary actions to provide liquidity to the U.S. financial system amid the coronavirus crisis. But more remains to be done. Read More> 

SUBSCRIPTION REQUIRED Raghuram Rajan We need to fight this pandemic into submission everywhere in order to relax measures anywhere Read more> 

R. Glenn Hubbard and Michael R. Strain The federal government should offer significant assistance to small- and mid-sized service sector businesses so that they can retain their workers. Financial assistance to small business is financial support to workers, allowing workers to continue being paid by their employers during the coronavirus crisis. The goal should be […] 

Luis Garicano How can we ‘freeze’ our economies for three to six months and ensure that they come out of the freezer where they are now? A pan-European plan of action is needed to protect jobs and assuage market doubts about the collective determination of EU member states to protect European economies and the euro. […] 

Alberto Alesina and Francesco Giavazzi Italy today is on the front line of the COVID-19 epidemic. The first policy priority is to expand hospital capacity. For the implied economic shock, this is the time for the EU to support Italy in every possible way, reassuring markets by saying that Italy will not be left on […] 

Eric Budish, Anil Kashyap, Ralph S. J. Koijen, and Brent Neiman It is essential to recognize that beyond offering direct support to people who lost jobs and become ill, there are three related economic policy problems posed by the Covid-19 crisis. One is to design economic policies that complement the public health actions to slow […] 

Romesh Vaitilingam For nearly a decade, the IGM Forum has been regularly polling some of the world’s top economists in the US and Europe for their views on topical issues of public policy. With the global pandemic having the potential to cause severe economic damage, the need for research-based expertise to inform national and international […]