Abstract
Pandemics are disruptive events that have profound consequences for society and the economy. This volume aims to present an analysis of the economic impact of COVID-19 and its likely consequences for our future. This is achieved by drawing from the expertise of authors who specialize in a wide range of fields including fiscal and monetary policy, banking, financial markets, pensions and insurance, artificial intelligence and big data, climate change, labor market, travel, tourism and politics, among others. We asked contributing authors to write their chapters for a non-technical audience so that their message could reach beyond academia and professional economists to policy makers and the wider society. The material in this volume draws from the latest research and provides a wealth of ideas for further investigations and opportunities for reflection. This also makes it an ideal learning tool for economics and finance students wishing to gain a deeper understanding of how COVID-19 could influence their disciplines.
Highlights
Monica BillioUniversità Ca’ Foscari Venezia, Italia Simone VarottoICMA Centre, Henley Business School, University of Reading, UKPandemics are disruptive events that have profound consequences for society and the economy
We note that these negative correlations are pervasive throughout the sample, including the latest year, 2018, though their size and statistical significance naturally decrease over time
This paper investigates how monetary policy announcements by the European Central Bank (ECB) and its quantitative easing announcements affected European repo rates during the COVID-19 crisis
Summary
Pandemics are disruptive events that have profound consequences for society and the economy This volume aims to present an analysis of the economic impact of COVID-19 and its likely consequences for our future. We asked contributing authors to write their chapters for a non-technical audience so that their message could reach beyond academia and professional economists to policy makers and the wider society. The material in this volume draws from the latest research and provides a wealth of ideas for further investigations and opportunities for reflection. In only one case did politicians reject this advice, in the special circumstances of an electorate who had learned the lessons of the government response to the First World War aftermath and took the opportunity of the 1945 election to vote in a radical government, committed to social reconstruction and the welfare state
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