Economics
IMF programmes must not get too large – Bundesbank paper
Preferred creditor status can lead to large-scale IMF operations crowding out private investors
East Asian economies face ‘profound’ impact from Covid-19 – World Bank
Report estimates growth could turn negative for the region in “lower-case” scenario
Covid-19 uncertainty to have long-lasting impact – SF Fed paper
Inflation may turn negative over the near and medium term, researchers estimate
Covid-19 macro effects could last 40 years – research
Research from University of California says natural rate could take decades to return to normal
Pricing the lives saved by coronavirus policies
How does the effort to reduce risks to human life compare with the economic losses?
IMF and Yale provide data on virus responses
IMF site provides information on G20 country responses to virus
16% of US jobs in high-risk sectors – Brookings research
Researchers examine possible impact of coronavirus in US
Economists must study ‘certainty shocks’ – Bundesbank paper
Policy-makers must distinguish between shocks which raise or lower certainty, researcher says
US economy could face largest quarterly contraction in history – Bullard
$2.5 trillion in national income might be wiped out due to essential “throttling down” measures
US health system likely to be overwhelmed – Minneapolis Fed paper
Policy-makers must support massive healthcare investment and social distancing
A vaccine for the global economy
Olivier Blanchard, Peter Praet and Daniel Alpert discuss shorter- and longer-term actions to tackle the flaws exposed by the Covid-19 crisis
Fiscal effects may take several weeks to pass through – research
Economist examines lag time for Obama’s Great Recession-era fiscal package
Bank of Spain paper looks at macro-pru and growth at risk
Financial cycle, time elapsed and type of measure has major impact on effectiveness – researcher
Covid-19 unleashes major market shock
Oil prices tumble, dragging down stock markets worldwide; sovereign bonds rally
Dutch economy more volatile than European peers – DNB research
Changes to pension system, mortgage markets and budgets could reduce volatility, paper argues
Book notes: The art of economic catch-up, by Keun Lee
Rather than merely catch-up, book offers countries advice in making sea change in economic statuses
G7 leaders avoid committing to co-ordinated virus response
Central bankers and finance ministers “stand ready”
RBI economists build nowcast using dynamic factor model
Model closely tracks recent slowdown in activity, authors say
BoE announces new centralised data platform
UK central bank teams up with Autorek for two-phase project
Chinese spillovers may push global prices down- Finnish paper
Researchers find that Chinese economy has significant influence on global prices
Riksbank research looks at older workers in Sweden
More old people may remain in labour force due to changes in laws, researcher says
Bank of Mexico cuts growth outlook on virus fears
Central bank says future growth is highly uncertain after Mexican economy contracted in 2019
Too early to speculate on coronavirus impact – Fed vice-chair
Experts urge Americans to brace for “inevitable” spread of the virus in the US
Costa Rican central bank pulled into fiscal debate
Government split on how fiscal rule should be calculated as fiscal deficit continues upward trend