A few links here to what economists are saying about the Corona virus
- Saez and Zucman have a short note arguing that the government needs to help business to avoid mass layoffs
- Arindrajit Dube’s twitter thread on labor hoarding, and why companies need to more of it. And now, his policy proposal.
- Tim Bartik with a proposal for a tax credit to encourage labor hoarding
- Pierre Olivier Gourinchas on flattening pandemic and recession curve
- Jason Furman on the economic effects of the pandemic
- Ricardo Reis argues this is mainly a supply shock
- Economic Policy Institute policy proposal.
Latest journalist coverage of the economic effects
- NY Times on consumers cutting spending
- Risks of corporate debt defaults
- Robert Shiller: “In 1933 when Roosevelt took office, he said there is “no plague of locusts” referring to the Depression. …There was no pandemic—no pandemic of insects or of viruses. But now there is. This is really different.”
- WSJ: Companies have so far largely avoided layoffs. This may not last.
- Patagonia halting operations.
