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On Thursday 14th May, CEPR and LSE IGA / SPP hosted a webinar on: Living with lockdowns: Early lessons from India’s COVID-19, with Yamini Aiyar, Kaushik Basu, Erik Berglof, Ashwini Deshpande, Maitreesh Ghatak and Debraj Ray. The recording will become available shortly.
On Thursday 7th May, CEPR and LSE IGA / SPP hosted a webinar on: Born Out of Necessity: A Debt Standstill for COVID-19, with Erik Berglof, Patrick Bolton, Lee Buchheit, Mitu Gulati, Pierre-Olivier Gourinchas, Ugo Panizza and Beatrice Weder di Mauro.
On Thursday 30th April, CEPR and LSE IGA/SPP hosted a webinar on Covid-19: Keeping Trade Routes Open; a 90 minute discussion with Erik Berglof, Swati Dhingra, Simon Evenett and Pascal Lamy.
On Wednesday 15th April, CEPR and PIIE held a joint webinar on Economic Nationalism and Populism in times of Covid-19, with Monica de Bolle, Sergei Guriev and Adam S. Posen:
On Wednesday 8th April 2020, CEPR and SAFE organised a joint webinar on Corona and Risk Sharing: A European Equity Fund:
DP14759 Family Ownership During the Covid-19 Pandemic
DP14757 Estimating the costs and benefits of mandated business closures in a pandemic
DP14750 A Dynamic Structural Model of Virus Diffusion and Network Production: A First Report
DP14748 Job Search during the COVID-19 Crisis
DP14744 Do lockdowns work? A counterfactual for Sweden
DP14743 Supply and Demand in Disaggregated Keynesian Economies with an Application to the Covid-19 Crisis
DP14742 Nonlinear Production Networks with an Application to the Covid-19 Crisis
DP14734 COVID-19, Helicopter Money & the Fiscal-Monetary Nexus
DP14733 Consumption in the time of Covid-19: Evidence from UK transaction data
DP14720 Monetary and Fiscal Policies in Times of Large Debt: Unity is Strength
DP14714 Can the Covid Bailouts Save the Economy?
DP14711 Estimating and Simulating a SIRD Model of COVID-19 for Many Countries, States, and Cities
DP14707 More than Words: Leaders' Speech and Risky Behavior During a Pandemic
DP14699 Assessing the Consequences of Quarantines During a Pandemic
DP14695 An economic model of the Covid-19 epidemic: The importance of testing and age-specific policies
DP14694 Corona Policy According to HANK
DP14679 Inequality of Fear and Self-Quarantine: Is There a Trade-off between GDP and Public Health?
DP14674 When the Markets Get COVID: COntagion, Viruses, and Information Diffusion.
DP14673 Covid-19: Testing Inequality in New York City
DP14671 Startups and Employment Following the COVID-19 Pandemic: A Calculator
DP14665 Inequality in the Impact of the Coronavirus Shock: Evidence from Real Time Surveys
DP14664 Restarting the economy while saving lives under Covid-19
DP14661 Love in the Time of COVID-19: The Resiliency of Environmental and Social Stocks
DP14658 A Simple Planning Problem for COVID-19 Lockdown
DP14646 Voluntary and Mandatory Social Distancing: Evidence on COVID-19 Exposure Rates from Chinese Provinces and Selected Countries
DP14642 Tracking the COVID-19 Crisis with High-Resolution Transaction Data
DP14633 A Sticky-Price View of Hoarding
DP14631 Global Behaviors and Perceptions in the COVID-19 Pandemic
DP14629 Social Distancing and Supply Disruptions in a Pandemic
DP14627 A Model of Asset Price Spirals and Aggregate Demand Amplification of a "Covid-19" Shock
DP14618 Poverty and Economic Dislocation Reduce Compliance with COVID-19 Shelter-in-Place Protocols
DP14614 Economic Policy Incentives to Preserve Lives and Livelihoods
DP14613 The Optimal COVID-19 Quarantine and Testing Policies
DP14612 On the Optimal "Lockdown" During an Epidemic
DP14611 Which jobs are done from home? Evidence from the American Time Use Survey
DP14607 Macroeconomic Dynamics and Reallocation in an Epidemic
DP14606 Health versus Wealth: On the Distributional Effects of Controlling a Pandemic
DP14600 The Coronavirus Stimulus Package: How large is the transfer multiplier?
DP14596 COVID-19 Infection Externalities: Trading Off Lives vs. Livelihoods
DP14584 How Many Jobs Can be Done at Home?
DP14573 Firm-Level Exposure to Epidemic Diseases: Covid-19, SARS, and H1N1
DP14571 The Covid-19 Pandemic and Corporate Dividend Policy
DP14569 Systemic Banking Crises Database: A Timely Update in COVID-19 Times
DP14529 Covid-19 Coronavirus and Macroeconomic Policy
DP14520 The Macroeconomics of Epidemics
DP14519 Intergenerational ties and case fatality rates: A cross-country analysis
DP14511 Feverish Stock Price Reactions to COVID-19
DP14484 Real-Time Weakness of the Global Economy: A First Assessment of the Coronavirus Crisis
DP10842 Economic Activity and the Spread of Viral Diseases: Evidence from High Frequency Data
DP10730 Averting Catastrophes: The Strange Economics of Scylla and Charybdis
On March 24, 2020, the Government of India ordered a nationwide lockdown for 21 days as a preventive measure against the spread of the coronavirus. The lockdown - in full force as we write - restricts 1.3 billion people from leaving their homes. Transport services are suspended, educational institutions are closed, and factories are shut down. This is in line with the measures imposed in most European countries and in the United States, but the sheer scale of the measure- as in the case of most policies in India- is intimidating. Add to this the grim truth of Indian occupational structure and poverty, and you would likely predict what we now see: unending streams of migrants trying to find their way home, the fear of loss of all income, deep privations, and even (in the space of days) hunger, starvation and death.
Many low and middle income countries may face problems servicing their external debts while addressing the COVID-19 emergency. Urgent action is needed to prevent disorderly defaults and litigations. This Policy Insight describes a mechanism to implement a debt standstill which would free significant resources to cover some of the most immediate costs of the COVID-19 crisis.