This Finance survey examines (a) The impact of the Covid-19 pandemic on working and shopping habits has not been fully priced into current private valuations of downtown commercial properties in major cities; (b) A continued fall in commercial real estate valuations would trigger another round of banking panic
Keyword: Coronavirus
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This week's US Economic Experts Panel statements:
A) The $300 supplement to weekly unemployment benefits available from now through September 6 constitutes a major disincentive to work for lower-wage workers.
B) The $300 supplement to weekly unemployment benefits available from now through September 6 is likely to lead to re-employment wages for currently unemployed workers that are higher by an economically meaningful amount.
This week's European Economic Experts Panel statements:
A) Removing intellectual property protections on Covid-19 vaccines would substantially improve availability of the vaccines in developing countries.
B) Removing intellectual property protections on Covid-19 vaccines would have a negative impact on vaccine development efforts for future variants of SARS-CoV-2 or for the next pandemic.
C) Without an international agreement that facilitates vaccine trade, countries’ incentives to limit exports of vaccines and/or key production inputs are likely to prolong the adverse effects of the pandemic in advanced countries.
This week's US Economic Experts Panel statements:
A) Removing intellectual property protections on Covid-19 vaccines would substantially improve availability of the vaccines in developing countries.
B) Removing intellectual property protections on Covid-19 vaccines would have a negative impact on vaccine development efforts for future variants of SARS-CoV-2 or for the next pandemic.
C) Without an international agreement that facilitates vaccine trade, countries’ incentives to limit exports of vaccines and/or key production inputs are likely to prolong the adverse effects of the pandemic in advanced countries.
This week's European Economic Experts Panel statements:
A) Offering substantially higher prices per dose would have resulted in larger capacity investments by vaccine makers and accelerated distribution in Europe significantly.
B) In the current situation, paying for more production capacity would be better than offering higher prices for vaccines.
C) If the EU started paying prices above 100 euros per dose, it would on net reduce the cost of the pandemic to the EU via more lives saved and shorter lockdowns.
This week's US Economic Experts Panel statements:
A) The US economy would be substantially stronger today if the state and local ‘stay-at-home’ orders had been more uniform and lasted longer in the first half of the year.
B) The economy will receive a substantial boost as soon as K-12 schools can be safely opened in person nationwide.
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