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The pandemic has generated challenges and changes to the work of economists. In this process, it has become more necessary than ever to be analytical, to innovate strategies, to go back in time and to look for new scenarios within and outside the discipline in order to provide possible answers to uncertainty.
The following argument is common: economic liberalism can generate more wealth but it also results in greater inequality, so it should not be the way to go. There is the false notion, ingrained among many leftist parties, that the market economy cannot coexist with redistributive policies.
Media stress, positively correlated with new infections, has eased off lately. Sectors’ stresses vary depending on their nature. Politics is the center of the debate. Media stress related to governments diminishes as they start lifting lockdown measures, but there is a bias between the international and the national one.
The current crisis represents an unprecedented risk to the U.S. economy as the fallout from the coronavirus has created a confluence of supply- and demand-side shocks coupled with a financial meltdown.
March 25, 2020
Mexico | Impact of Covid-19 on the economy: inaction is more dangerous than overreaction
This is a time when decisions must be made quickly; what is decided will have significant consequences. Drastic measures to ensure that people isolate are urgent, “desirable” and absolutely necessary.
A new Congress initiative seeks to create a barrier to the active and competitive participation of economists in issues related to the profession, creating rents to particular institutions and limiting the arrival of new voices to the arena. We insist that the Congress agenda should rather be used in more urgent maters.
Turkish financial assets remain under stress. The level and the duration of adjustment in the economy will depend on the policy reactions in the short term. Inflation reached alarming levels on last year´s loose policies, high inertia and second round effects. Both fiscal policy and monetary policy should complement each o…
This Economic Watch introduces the European Central Bank's (ECB) Monetary Policy Tone index developed from ECB documents, using text mining and Natural Language Processing (NLP) techniques. This analysis allows us to objectively identify and track the relevant thehmes within the ECB’s monetary policy discourse.