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Will the US Pandemic Response Strengthen Workers?

13 19 10
25.03.2020

NEW YORK – Despite the deep polarization of American politics, there appears to be more agreement than disagreement over how to deal with the economic fallout from the COVID-19 pandemic. The US Federal Reserve is already pursing bold monetary-policy measures, and Congress is quickly working toward a large fiscal-stimulus package featuring government bailouts with equity stakes in private companies and one- or two-time cash infusions to households.

  • 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 surprise.

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    But this rare moment of bipartisanship will turn out to have been a missed opportunity if it does not also reverse the long........

    © Project Syndicate