Yves here. As various analyses have shown, in many places, governments implemented lockdowns after citizens had started restricting their activities to avoid contracting Covid-19. It’s useful to see economists address the question of what the cost of doing nothing or very little would have been. By Adam Brzezinski, DPhil (PhD) candidate in Economics, University of […]
Read more...Wellie, the latest jobless claims data wan’t horrific, merely very bad
Read more...U.S. economic policy now focuses on what is already the worst business cycle downturn since the 1929 crash. As data accumulate, it may well prove to be the worst in global capitalism’s entire history.
Read more...The European Union has not reached a “Hamiltonian moment.” Its plans are too little, too late, hamstrung by institutional barriers to economic recovery.
Read more...China’s response to the pandemic is to furth disempower its domestic and peripheral populations.
Read more...Politics and the caliber of social programs have influenced how countries in Africa have tried to limit the economic damage of the coronavirus.
Read more...Why Covid-19 damage will be lasting.
Read more...The airlines are facing an existential crisis, yet no one in power is inclinded or even equipped to intervene.
Read more...Michael Hudson gives a detailed, if sobering, account of the outlook for the economy.
Read more...The news on the EU and UK fronts is less than promising. It looks good only compared to rampaging cops on this side of the pond.
Read more...This is part 7 of my ongoing coverage of the Federal Reserve’s Coronavirus actions.
Read more...Time to do something about America’s creaky infrastructure.
Read more...Mauritius coped well with Covid-19 despite its tiny size and the importance of tourism.
Read more...The data on suicides and economic distress is more muddy than you’d expect.
Read more...Heiner Flassbeck shows it defies macroeconomic logic to promote surpluses for Germany, prohibit government deficits everywhere else and forbid the central bank from acting as the central bank of each Euro member.
Read more...