Key Focus

  • In the case of the current crisis, the risk that the financial system will reverse-infect the real economy and cause a depression is too big to ignore.
    That brings us to the third analytical priority: the economics of circuit breakers. Here, the question is not just what emergency policy interventions can achieve, but also what lies beyond their reach, and when.
    To be sure, given that simultaneous economic and financial deleveraging would have disastrous implications for societal wellbeing, the current moment clearly demands a "whatever-it-takes," "all-in," and "whole-of-government" policy approach
  • Of particular concern now are the economics of viral contagion, of fear, and of "circuit breakers." The more that economic thinking advances to meet changing realities, the better will be the analysis that informs the policy response.
    phelps28 GettyImages212928654
    Insuring the Survival of Post-Pandemic Economies
    ROMAN FRYDMAN & EDMUND S. PHELPS see major shortcomings in the just-adopted $2 trillion US rescue and stimulus package.
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    That response is set to be both novel and inevitably costly


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High Level Topics

  • ECONOMIC
  • CRISIS
  • ECONOMIES
  • High Level Abstractions

  • ECONOMIC(6, 0 Order)
  • ( ECONOMIC )(6, 0 Order)  top
  • ( ECONOMIC, POLICY )(2, 1st Order)  top
  • ( ECONOMIC, POLICY, ECONOMICS )(2, 2nd Order)  top
  • ( ECONOMIC, POLICY, ECONOMICS, BREAKERS )(2, 3rd Order)  top
  • ( ECONOMIC, POLICY, ECONOMICS, SOCIETAL )(1, 3rd Order)  top
  • ( ECONOMIC, POLICY, ECONOMICS, SIMULTANEOUS )(1, 3rd Order)  top
  • ( ECONOMIC, POLICY, ECONOMICS, RISK )(1, 3rd Order)  top
  • ( ECONOMIC, POLICY, ECONOMICS, REVERSE-INFECT )(1, 3rd Order)  top
  • ( ECONOMIC, POLICY, ECONOMICS, POST-PANDEMIC_ECONOMIES )(1, 3rd Order)  top
  • ( ECONOMIC, POLICY, BREAKERS )(2, 2nd Order)  top
  • ( ECONOMIC, POLICY, BREAKERS, SOCIETAL )(1, 3rd Order)  top
  • ( ECONOMIC, POLICY, BREAKERS, SIMULTANEOUS )(1, 3rd Order)  top
  • ( ECONOMIC, POLICY, BREAKERS, RISK )(1, 3rd Order)  top
  • ( ECONOMIC, POLICY, BREAKERS, REVERSE-INFECT )(1, 3rd Order)  top
  • ( ECONOMIC, POLICY, BREAKERS, POST-PANDEMIC_ECONOMIES )(1, 3rd Order)  top
  • ( ECONOMIC, POLICY, SOCIETAL )(1, 2nd Order)  top
  • ( ECONOMIC, POLICY, SIMULTANEOUS )(1, 2nd Order)  top
  • ( ECONOMIC, POLICY, RISK )(1, 2nd Order)  top
  • ( ECONOMIC, POLICY, REVERSE-INFECT )(1, 2nd Order)  top
  • ( ECONOMIC, POLICY, POST-PANDEMIC_ECONOMIES )(1, 2nd Order)  top
  • ( ECONOMIC, CRISIS )(2, 1st Order)  top
  • ( ECONOMIC, CRISIS, POLITICAL )(1, 2nd Order)  top
  • ( ECONOMIC, CRISIS, SOCIETAL )(1, 2nd Order)  top
  • ( ECONOMIC, CRISIS, RISK )(1, 2nd Order)  top
  • ( ECONOMIC, CRISIS, REVERSE-INFECT )(1, 2nd Order)  top
  • ( ECONOMIC, CRISIS, REVERBERATE )(1, 2nd Order)  top
  • ( ECONOMIC, CRISIS, PROJECT_SYNDICATE )(1, 2nd Order)  top
  • ( ECONOMIC, CRISIS, HIGH-QUALITY_COMMENTARY )(1, 2nd Order)  top
  • ( ECONOMIC, CRISIS, GLOBAL )(1, 2nd Order)  top
  • ( ECONOMIC, SOCIETAL )(2, 1st Order)  top
  • ( ECONOMIC, SOCIETAL, POLITICAL )(1, 2nd Order)  top
  • ( ECONOMIC, SOCIETAL, SIMULTANEOUS )(1, 2nd Order)  top
  • ( ECONOMIC, SOCIETAL, REVERBERATE )(1, 2nd Order)  top
  • ( ECONOMIC, SOCIETAL, PROJECT_SYNDICATE )(1, 2nd Order)  top
  • ( ECONOMIC, SOCIETAL, HIGH-QUALITY_COMMENTARY )(1, 2nd Order)  top
  • ( ECONOMIC, RISK )(1, 1st Order)  top
  • ( ECONOMIC, POLITICAL )(1, 1st Order)  top
  • ( ECONOMIC, ECONOMICS )(2, 1st Order)  top
  • ( ECONOMIC, ECONOMICS, BREAKERS )(2, 2nd Order)  top
  • ( ECONOMIC, ECONOMICS, BREAKERS, SOCIETAL )(1, 3rd Order)  top
  • ( ECONOMIC, ECONOMICS, BREAKERS, SIMULTANEOUS )(1, 3rd Order)  top
  • ( ECONOMIC, ECONOMICS, BREAKERS, RISK )(1, 3rd Order)  top
  • ( ECONOMIC, ECONOMICS, BREAKERS, REVERSE-INFECT )(1, 3rd Order)  top
  • ( ECONOMIC, ECONOMICS, BREAKERS, POST-PANDEMIC_ECONOMIES )(1, 3rd Order)  top
  • ( ECONOMIC, ECONOMICS, SOCIETAL )(1, 2nd Order)  top
  • ( ECONOMIC, ECONOMICS, SIMULTANEOUS )(1, 2nd Order)  top
  • ( ECONOMIC, ECONOMICS, RISK )(1, 2nd Order)  top
  • ( ECONOMIC, ECONOMICS, REVERSE-INFECT )(1, 2nd Order)  top
  • ( ECONOMIC, ECONOMICS, POST-PANDEMIC_ECONOMIES )(1, 2nd Order)  top
  • ( ECONOMIC, BREAKERS )(2, 1st Order)  top
  • ( ECONOMIC, BREAKERS, SOCIETAL )(1, 2nd Order)  top
  • ( ECONOMIC, BREAKERS, SIMULTANEOUS )(1, 2nd Order)  top
  • ( ECONOMIC, BREAKERS, RISK )(1, 2nd Order)  top
  • ( ECONOMIC, BREAKERS, REVERSE-INFECT )(1, 2nd Order)  top
  • ( ECONOMIC, BREAKERS, POST-PANDEMIC_ECONOMIES )(1, 2nd Order)  top
  • ( ECONOMIC, VIRUS )(1, 1st Order)  top
  • CRISIS(5, 0 Order)
  • ( CRISIS )(5, 0 Order)  top
  • ( CRISIS, ECONOMICS )(3, 1st Order)  top
  • ( CRISIS, ECONOMICS, BREAKERS )(2, 2nd Order)  top
  • ( CRISIS, ECONOMICS, BREAKERS, RISK )(1, 3rd Order)  top
  • ( CRISIS, ECONOMICS, BREAKERS, REVERSE-INFECT )(1, 3rd Order)  top
  • ( CRISIS, ECONOMICS, BREAKERS, POST-PANDEMIC_ECONOMIES )(1, 3rd Order)  top
  • ( CRISIS, ECONOMICS, BREAKERS, POLICY )(1, 3rd Order)  top
  • ( CRISIS, ECONOMICS, BREAKERS, JUST-ADOPTED )(1, 3rd Order)  top
  • ( CRISIS, ECONOMICS, BREAKERS, INFORMS )(1, 3rd Order)  top
  • ( CRISIS, ECONOMICS, BREAKERS, FEAR )(1, 3rd Order)  top
  • ( CRISIS, ECONOMICS, RISK )(1, 2nd Order)  top
  • ( CRISIS, ECONOMICS, REVERSE-INFECT )(1, 2nd Order)  top
  • ( CRISIS, ECONOMICS, POST-PANDEMIC_ECONOMIES )(1, 2nd Order)  top
  • ( CRISIS, ECONOMICS, POLICY )(1, 2nd Order)  top
  • ( CRISIS, ECONOMICS, JUST-ADOPTED )(1, 2nd Order)  top
  • ( CRISIS, ECONOMICS, INFORMS )(1, 2nd Order)  top
  • ( CRISIS, ECONOMIES )(1, 1st Order)  top
  • ( CRISIS, RISK )(1, 1st Order)  top
  • ( CRISIS, POLITICAL )(1, 1st Order)  top
  • ( CRISIS, POLICY )(2, 1st Order)  top
  • ( CRISIS, POLICY, RISK )(1, 2nd Order)  top
  • ( CRISIS, POLICY, ECONOMY )(1, 2nd Order)  top
  • ( CRISIS, POLICY, ECONOMIC )(1, 2nd Order)  top
  • ( CRISIS, POLICY, BREAKERS )(2, 2nd Order)  top
  • ( CRISIS, POLICY, BREAKERS, RISK )(1, 3rd Order)  top
  • ( CRISIS, POLICY, BREAKERS, REVERSE-INFECT )(1, 3rd Order)  top
  • ( CRISIS, POLICY, BREAKERS, POST-PANDEMIC_ECONOMIES )(1, 3rd Order)  top
  • ( CRISIS, POLICY, BREAKERS, JUST-ADOPTED )(1, 3rd Order)  top
  • ( CRISIS, POLICY, BREAKERS, INFORMS )(1, 3rd Order)  top
  • ( CRISIS, POLICY, BREAKERS, FEAR )(1, 3rd Order)  top
  • ( CRISIS, POLICY, REVERSE-INFECT )(1, 2nd Order)  top
  • ( CRISIS, POLICY, POST-PANDEMIC_ECONOMIES )(1, 2nd Order)  top
  • ( CRISIS, GROWTH )(2, 1st Order)  top
  • ( CRISIS, GROWTH, ECONOMIES )(1, 2nd Order)  top
  • ( CRISIS, GROWTH, POLITICAL )(1, 2nd Order)  top
  • ( CRISIS, GROWTH, SOCIETAL )(1, 2nd Order)  top
  • ( CRISIS, GROWTH, REVERBERATE )(1, 2nd Order)  top
  • ( CRISIS, GROWTH, PROJECT_SYNDICATE )(1, 2nd Order)  top
  • ( CRISIS, GROWTH, HIGH-QUALITY_COMMENTARY )(1, 2nd Order)  top
  • ( CRISIS, GROWTH, GLOBAL )(1, 2nd Order)  top
  • ( CRISIS, ECONOMY )(1, 1st Order)  top
  • ECONOMIES(1, 0 Order)
  • ( ECONOMIES )(1, 0 Order)  top
  • References