A CEPR study by Óscar Jordá, Sanjay Singh and Alan Taylor, explores the medium- to long-term macroeconomic effects of global pandemics, through studying rates of return on assets using a dataset stretching back to the 14th century.
CEPR has launched a new online peer-reviewed Review for the rapid dissemination of emerging scholarly work on the Covid19 epidemic. Issue one is now available.
The reduction in €-coin observed so far only reflects the initial effects of the fall in share prices and the widespread deterioration in business and consumer confidence that occurred in the second half of March in connection with the spread of the pandemic across euro-area countries.