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The Responsibility to Report

13 8 11
25.03.2020

STOCKHOLM – An unprecedented threat demands an unprecedented response. Rarely, if ever, have governments had to shift into crisis-management mode as quickly as they have in the past few weeks. So far, the focus has been on the most immediate medical, political, and economic issues raised by the COVD-19 pandemic – as it should be. But gradually, governments’ attention will have to turn to the longer-term consequences of the crisis, and to the need to prevent such disasters in the future.

  • Insuring the Survival of Post-Pandemic Economies Getty Images

    Insuring the Survival of Post-Pandemic Economies

    Roman Frydman & Edmund S. Phelps

    The substantial increase in the scale and scope of government action needed to tackle the COVID-19 pandemic should be viewed as an unprecedented form of short-term systemic insurance. This approach requires not only vast government spending but also a temporary state-led reorganization of the entire economy.

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  • This Time Truly Is Different Johannes Eisele/AFP via Getty Images

    This Time Truly Is Different

    Carmen M. Reinhart

    The vast uncertainty surrounding the possible spread of COVID-19 and the duration of the near-economic standstill required to combat it make forecasting little different from guessing. Clearly, this is a “whatever-it-takes” moment for large-scale, outside-the-box fiscal and monetary policies.

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  • The COVID Wake-Up Call

    The COVID Wake-Up Call

    Robert Muggah presents the data to show that the coronavirus pandemic should not have come as a........

    © Project Syndicate