How economists view the policy response to the Covid-19 crisis so far

A panel of experts discusses the interaction between containment measures and economic activity, and the need for investment to support the medical response to the health emergency, writes Romesh Vaitilingam

 
Just two weeks ago, the likelihood of a major US recession as a consequence of the public health challenge was still in doubt. In the past few days, the number of claims filed for unemployment insurance hit record levels; the total number of Covid-19 cases in the United States went past 100,000, already substantially higher than the totals in Italy and China; and parts of the country have imposed lockdowns – closing non-essential businesses and requiring people to stay at home as much as possible.

We invited our panel to express their views on the policy response to the Covid-19 crisis, in particular the interactions between containment measures and economic activity, and the need for investment to support the medical response to the health emergency. We asked the experts whether they agreed or disagreed with three statements, and, if so, how strongly and with what degree of confidence.

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Πηγή: blogs.lse.ac.uk