303 Results for “COVID 19”

Does the COVID recession still have the potential to turn into a broader financial meltdown?

“To do this properly, we need to understand the structure of markets for knowledge-based products like new vaccines. Currently, we do not: the “market” is a mishmash of competition and side deals. According to a recent paper from the Institute for New Economic Thinking, governments and pharmaceutical companies last year concluded 44 bilateral COVID-19 vaccine deals, many of which have undisclosed details and poorly understood escape clauses. Poor countries were, by and large, left out.” — Kaushik Basu, Project Syndicate

Individual EU member states ought to issue perpetual bonds

In March the US government authorized the largest domestic bailout in history. Who were the real winners and losers of this bailout? Pulitzer Prize winning reporter Jesse Eisinger has been following the money.

What is the current situation in private indebtedness in the U.S.? Recent ideas suggest that excessive levels of debt are an obstacle to a quick recovery and sustained economic growth.

During this interview, Professor Kako Nubukpo, Dean of the Faculty of Economics at the University of Lomé, Togo and former Minister of Prospective and Evaluation of Public Policy of Togo considers the economic and social impact of the COVID-19 crisis and its repercussions on monetary policy and fiscal reforms underway in West and Central Africa today.

Economist Darrick Hamilton explains why confronting the racial wealth gap is the only way to address 400 years of discrimination.

An interview with young migrants living in Mali’s capital city of Bamako

A Report From the Front Line

The economic and social costs of the global lockdown have been astronomical but as governments look to begin the process of reopening economies it will be critical to develop strategies that balance both the health and economic risks of the pandemic.

An interview with INET Global Commissioner Winnie Byanyima

Effective and quick federal policy response is critical to create conditions for a quick recovery.

A webinar panel discussion, moderated by Gillian Tett, US Managing Editor of the Financial Times, with Laurence Boone, OECD Chief Economist, Moritz Schularick, INET Research Fellow, and Adam Tooze, Director of the European Institute at Columbia University.

Racial inequalities of wealth and income are pervasive. This episode of Debt Talks will feature a conversation with four prominent experts on the persistence of racial inequalities of wealth and income and the role of financial markets in shaping them.

Anton Jäger discusses his new book “Welfare for Markets: A Global History of Basic Income” co-authored with Daniel Zamora Vargas.

Daniel Zamora Vargas discusses his new book “Welfare for Markets: A Global History of Basic Income” co-authored with Anton Jäger.

John Ruskin helps shed light on what it means to have an economy that demands we die for it

In 2021, the Centre for International Governance Innovation (CIGI) celebrates 20 years of contributing research and expert analysis to global policy making.

The COVID-19 pandemic has thrust us into a new reality, and any course we set now will have huge and lasting repercussions on public health and the economy.

A webinar panel discussion moderated by INET Fellow Moritz Schularick, with Laura Carvalho, Associate Professor of Economics at the University of São Paulo, Matthew C. Klein, Economics Commentator at Barron’s, and Amir Sufi, Bruce Lindsay Professor of Economics and Public Policy at the University of Chicago Booth School of Business.

Dr Kandeh Yumkella is a development economist, founder and CEO of The Energy Nexus Network (TENN), a regional hub for sustainable energy solutions and serves as a Member of Parliament in Sierra Leone. Previously Dr Yumkella served as Under-Secretary-General and Special Representative of the UN Secretary-General for Sustainable Energy for All and founding chief executive officer for the Sustainable Energy for All (SE4All) Initiative (2013–2015). He also served as Director-General of the UN Industrial Development Organization (UNIDO, 2005–2013), mobilising global consensus for SDG7 and 9. He is a member of the High-Level Group of the Africa-Europe Foundation, co-chair of the Africa Europe Foundation Strategy Group on Energy, and member of various international advisory bodies, boards, and commissions.

An interview with Dr Fatima Denton, Director of the United Nations University – Institute for Natural Resources in Africa, for INET’s series on COVID-19 and Africa

New mandates must beget new organizing

States can be sorted into two groups with statistically significantly different productivity regimes. In this sense, the US economy shows signs of dualism—which is the idea that the economy consists of heterogeneous units that exhibit different behaviors and levels of performance.

As the world economy seeks to emerge from the deep recession caused by the pandemic, economic nationalism and isolationism are on the rise. Yet the better response to lower growth and worsening inequality could involve globally-coordinated policy responses that focus on broad based, sustainable economic growth. Now more than ever it is time for a new global economic policy paradigm that can facilitate a strong recovery.

Researchers reveal the enemies to stability and prosperity that threaten us all.

An interview with Pr Benno Ndulu, the former Governor of the Bank of Tanzania, for INET’s series on COVID-19 and Africa

Dr. Phillip Alvelda tells INET’s Lynn Parramore about persistent political and public health failures exposing us to devastating diseases, while vastly underestimating their long-term health effects.

What Strategies can Break This Dependency?

Stock-Price Volatility During the Pandemic

George Soros’ latest op-ed in the Project Syndicate reasserts his view how perpetual bonds could help the European Union overcome its deadlock on fiscal spending.

How do governments accumulate such high levels of debt without constant major crises? Who is paying the price?

In this interview, Dr. Folashadé Soulé and Dr. Camilla Toulmin speak with Pr. Mzukisi Qobo. Pr Qobo is the Head of the Wits School of Governance, University of Witwatersrand, South Africa.

Since the 1980s, the enemy of equal employment opportunity through upward socioeconomic mobility has been the pervasive and entrenched corporate-governance ideology and practice of maximizing shareholder value.

Bank failures don’t threaten most deposits, but they do threaten jobs

The $1.9 trillion stimulus should be large because the need is large

The younger generation, already saddled with student debt and uncertain jobs, will pay a high price as the crisis unfolds.

Max Lawson, head of Oxfam International’s Inequality Policy program, discusses Oxfam’s latest inequality report, “Inequality Kills,” which highlights the extreme growth in wealth of the billionaire class during the pandemic and how this has had a direct effect on the health and survival of the world’s bottom 50%.

Global carbon emissions could fall by an estimated 5.5% in 2020 as a result of declining industrial production in the wake of the COVID-19 pandemic. But if the change is not systemic these effects may be fleeting, and the changing climate could put hundreds of millions of lives, trillions of dollars of economic activity, and the world’s physical and natural capital at risk.

What are the choices we must make to ensure technology empowers, augments, rewards, and respects the majority, not the few, given its increasing defining role in future economies and societies?

In this interview, Camilla Toulmin and Folashadé Soulé speak with Carlos Lopes, Professor at the Nelson Mandela School of Public Governance, University of Cape Town, Visiting Professor at Sciences Po, Paris and an Associate Fellow at Chatham House, London

In this interview, Mr. Mossadeck Bally, a Malian businessman and CEO of Azalai Hotels Group and member of GRAIN (Group of Reflection, Actions and Innovative Initiatives) discusses the economic impacts of the COVID-19 pandemic on his hotel group, the role of the Malian private sector in the economic recovery plan, youth employment and the solutions that must be provided to the political crisis in Mali.

Much historical commentary emphasizes how pandemics restructure long-standing social and political arrangements. The observation applies to macroeconomics as well.

If libertarians wish to maintain their self-centered fixation on their own freedoms without considering others, let them do so — in indefinite quarantine from the rest of us.

What ails the EU Green Deal is exactly what troubles the Union in general — an absence of social democracy at work

In this interview, Dr. Vera Songwe, economist and Executive Secretary of the United Nations Economic Commission for Africa reflects on the ways that African governments have handled COVID-19, the role of the Continental Free Trade Agreement in turbo-charging future growth, the vital role of infrastructural investment and mobilising domestic resources for building forward better and greener.

Debt Talks is a new online webinar series that will bring together diverse voices to discuss one of the most pressing economic issue of our times: the surge in indebtedness. We are inviting prominent thinkers, policy-makers, and scholars from different backgrounds and countries to present and debate their views . Each monthly webinar will feature a lively panel presentation followed by Q&A. INET Fellow Moritz Schularick will moderate the events.

Evidence sharply contradicts PhRMA’s contention that its member companies need unregulated drug prices to generate profits that they then reinvest in drug innovation.

A summary of INET’s latest Future of Work episode

Given the mounting need to create good jobs, effect structural change, and transform the economy, what should policy priorities be in the digital era? Is there a role for industrial policy? What new policy options do we need to achieve inclusive prosperity?

The development of COVID-19 vaccines within a year of the emergence of SARS-CoV-2 was an unprecedented triumph of scientific research that saved millions of lives. In contrast, the lack of global coordination to manage intellectual property, technology transfer, production, financing, and distribution of vaccines led to excess deaths and losses in economic output.

How to Get Relief to Those Who Need It. Gosia Glinska in Conversation with Anton Korinek

To fulfill MLK’s vision of jobs and freedom for Black Americans, Washington must rein in corporate greed

The pandemic and electrification are shaking the foundations of the auto industry

The effect of monetary policy on the functional distribution of income

Chaired by Nobel laureates Joseph Stiglitz and Michael Spence, INET has assembled a global team of leaders and scholars calling for new thinking & new rules for the world economy

An interview with the Industrial Development Advisor in the Office of the Director-General of the South African Department of Trade, Industry and Competition (DTIC).

Evidence-based answers to the main (policy) questions concerning the return of high inflation

Is r/wallstreetbets really leading a financial revolution?

Dans le cadre de cet entretien, Mr. Mossadeck Bally, C.E.O, Azalai Hotels Group et membre du GRAIN (Groupe de Réflexion, d’Actions et d’Initiatives Novatrices) revient sur les impacts économiques de la pandémie du COVID-19 sur son groupe hôtelier, le rôle du secteur privé malien dans le plan de relance économique, l’emploi des jeunes et les solutions qui doivent être apportées à la crise politique au Mali.

Distinguished Fellow at the Asia Research Institute, National University of Singapore, Kishore Mahbubani, discusses his latest book, The Asian 21st Century, in which he relates US decline to the rise of plutocracy and Asia’s renewed rise - after having fallen behind in the last 200 years - to its growing sense of dynamism, optimism, and diversity. This is the 200th episode of the podcast Economics and Beyond with Rob Johnson.

INET explores how technological and economic changes are affecting employment

Once again, income earned by the many is used to save the wealth of the few.

How could the new SDR allocation help developing countries?

Canadian economist Mario Seccareccia, recipient of this year’s John Kenneth Galbraith Prize in Economics, says it’s time to reconsider the idea of full employment. He spoke to Lynn Parramore of the Institute for New Economic Thinking about why 2021 offers a rare opportunity to rebalance the economy in favor of Main Street.

Honorary Vice President at IMANI Center for policy and education, Bright Simons, on the challenges Ghana is facing

The youth paradox is accentuated by the effects of Covid-19, while the concrete short- and medium-term prospects for young people remain unclear.

Some nations have embraced new technologies, while others seem ill-prepared. What accounts for this difference?

Despite fear-mongering about the latest Consumer Price Index, unemployment remains elevated and stimulus is needed to prevent a collapse in demand

Like master illusionists, bank accountants conceal losses from federal regulators, putting the whole economy at risk

Dr. Ming Lin complained about Covid-19 safety measures at his hospital. He got fired because a giant Wall Street firm called the shots.

Why the conventional tools of the Phillips Curve, NAIRU, potential output, and money-supply growth are useless

Economic issues are a primary part of Trump’s appeal to his base

It’s time for business executives, employees, and taxpayers to come together to help get us out of the pandemic and create conditions for a sustainable and equitable future

Germany’s debt brake and EU fiscal rules will make it well neigh impossible for EU countries to fund the investments needed to decarbonize their economies.

The firehose of affluent consumption continues to drive inflation, not the stimulus package

Discussions on the key conceptual and policy themes for sovereign debt sustainability with a view to proposing possible policy reforms.

Economists Claudia Sahm, Servaas Storm, and Pia Malaney share their views on the problem that has everyone freaking out. Here’s what it all means for your pocketbook – and your democracy.

President Biden’s first SOTU Address was a missed opportunity to say what he knows to be true: Stock buybacks manipulate the market and leave most Americans worse off

INET at the Trento Economics Festival 2: A dialogue between Jayati Ghosh, Rohinton Medhora, Joseph E. Stiglitz, coordinated by Robert Johnson The world won’t emerge from the pandemic until the pandemic is controlled everywhere, and this is a special concern because of the new mutations that are likely to arise where the disease is running its course. So too, the world won’t have a robust economic recovery until at least most of the world is on the course to prosperity. Global growth is far more muted now than then, and inward-looking policies in some of the nations where growth has been restored have resulted in an increase in their trade surplus, attenuating the global impact of their recovery.

The impenetrability of this continuously expanding Ptolemaic New Keynesian paradigm is maddening

To able to deal with these consequences, our crisis response now should not lock us in into a permanent state of austerity, greater inequality and heightened vulnerability to future health calamities. New-old social democratic solutions are needed more than ever before.

Over five phased announcements last week, the Indian government set in motion an unprecedented fiscal stimulus. Gaurav Dalmia looks at India’s near-term economic challenges and offers a prescription on how privatisation can help India achieve its objectives.

Why to Be Wary of Another Volcker-Type Monetary Tightening

Journalist Peter Goodman delves into the persistent problems with supply chains and how to fix them his new book, “How the World Ran Out of Everything,” in conversation with the Institute for New Economic Thinking

On deregulation and Covid masks, libertarians are loud. On female liberty, deafening silence.

The most crucial issue in European policy, and one on which no big party campaigned and no important public discussion took place, was the fiscal policy stance for the next few years.

Researchers find that the nation had become an outlier among other rich countries in mortality rates long before the pandemic – and that Americans are dying younger than their peers abroad.

When people recognize just how dangerous covid is, they worry more about the economy

Doctors and medical experts say private equity firms and profiteering corporations are putting American lives at risk and compromising the practice of medicine.

Investor-state dispute settlement (ISDS) allow foreign capitalists to run roughshod over the rights of Ecuadorians

Besides the crucial COVID-19 vaccine patent waiver, far more is at stake at this ministerial than is generally known.

Ratner and Sim’s “Who Killed the Phillips Curve – A Murder Mystery”

Despite post-2008 regulations, the boom-bust credit cycle continues to run wild

A look inside the byzantine world of online ads

Using computational linguistics to estimate firm-level cyber risk exposure based on quarterly earnings conference calls.

Oxfam’s Economic Justice Director, Nabil Ahmed, and Oxfam International’s Inequality Policy & Advocacy Lead, Max Lawson, discuss their latest Global Inequality Report, which highlights the accelerating pace at which the world’s billionaires have increased their wealth exponentially in recent years. They also discuss the ways in which governments can reverse this trend through taxation.