Corona Crisis
The current corona crisis is probably the worst economic crisis of the post-World War 2 era. Economists are working hard on mitigating the economic effects caused by COVID-19. We have to prevent a second Great Depression, the break-up of the Eurozone and the end of globalisation. We collect the most important contributions.
From the Community
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Central banks to the rescue? Is this the time for helicopter money?
Corona Workshop: Over the last four decades central banks have been almost exclusively mandated with the task of macroeconomic stabilization. Can they still do their job? We discussed this with Eric Lonergan, Martin Hellwig, Peter Bofinger and Daniela Gabor.
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Corona Workshop Video: Real Economy Crisis – Towards the Great Corona Depression?
Nicola Brandt, Sebastian Dullien, Stephen Kinsella and Jens Südekum discuss the real-economic effects of the Corona crisis.
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VIDEO: Introduction to The Corona Economic Shock
Introductory remarks by Thomas Fricke and Gerhard Schick on the state of the economy and a plan to cope with the crisis.
Europe
New Paradigm Knowledge Base
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One Policy is not Enough – Proposals for the EU
What is the EU's coherent response to the Corona crisis? For days the advantages of the ESM or Euro-bonds have been discussed. In the meantime there is a consensus that a single measure will not suffice.
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Maja Göpel: A Social-Green Deal as the Answer
Maja Göpel puts an end to three formerly dominant narratives that determined the economy. For her, the way out of the crisis must be a social-ecological one, which must be tangible for the people.
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Peter Bofinger: The time for MMT is now
The corona-crisis calls for a "whatever it takes" response on a fiscal level. Peter Bofinger argues that the Modern Monetary Theory gives theoretical justification for such an answer.
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International survey on how citizens prepare for and cope with the Coronavirus – Call for participation
In a joint project, scientists from 12 institutions (including Harvard, MIT, Cambridge and Warwick University) are investigating how people are coping with the corona crisis.
