Links

From Torsten Slok's excellent email links: Jonathan Dingel and Brent Neiman : The places hardest hit by the virus are also the places ...

Beyond testing -- The central question for pandemic policy.

Two weeks of California lockdown have gone by and I do not see signs of plans being made for virus-safe reopening. The fight seems to be bet...

Defense production vs. markets

Take your bets which produces more ventilators faster. From Marginal Revolution . First quoting New York Times , The White House had been...

Group testing

Christian Gollier and Olivier Gossner pass on a beautiful and simple idea: Group testing. (They sent slides by email, I'll add a link wh...

Bailouts v Bankruptcy

Bailouts are back. It's all 2008 all over again. Bankruptcy of a large corporation does not leave a crater behind. Bankruptcy is reorg...

Road to Recovery: A Grumpy Virus Podcast

Click the picture or here.  from The Grumpy Economist https://ift.tt/3aqurIC

Daily testing

What's the perfect answer? Larry Kotklikoff has a good candidate: Daily testing . Imagine everybody gets a test every day. Positive? S...

Reopen the economy -- but carefully!

I did a WSJ oped today on reopening the economy.  As usual it's gated so I can't post the whole thing for 30 days. Closing down t...

Things To Do When You Can't See Patients

The global pandemic, COVI-19, is affecting businesses dramatically. Dental offices have been ordered by state governors to postpone elective...

Hoover "Virtual Policy Briefing"

Yesterday I did a "virtual policy briefing" with our Director, Tom Gilligan, discussing the virus crisis, with a lot of question...

Virus crisis tidbits -- get out of the way and demand shift

The first rule of medicine is "do no harm," and not a bad first rule for economic and public policy too. The second  rule of econo...

Strategic Review and Beyond: Rethinking Monetary Policy and Independence

March 4, I was honored to give the Homer Jones lecture at the St. Louis Federal Reserve. Link here Strategic Review and Beyond: Rethink...

Fed Bombshell

The Fed just announced " extensive new measures to support the economy ." What's this all about? The PMCCF will allow compani...

Unsung hero

Mark Calabria,  Director of the Federal Housing Finance Agency, which oversees Fannie and Fredy, announced an excellent policy response to t...

Needed: the reopening plan. Fast.

A trillion bucks is a lot of money. The costs of shutting down the economy are larger. California's GDP is essentially zero at the momen...

New Virus Podcast

A grumpy economist podcast on virus economics so far. from The Grumpy Economist https://ift.tt/3befdq2

Implementing Federal lending

The central problem now is how the Federal government can lend money to businesses that need it -- without a budget blowout. I proposed lett...

Groundhog Day virus plan.

Via Marginal Revolution , a very clever idea from Scott Ellison: I propose temporarily stopping time. This means that today’s date, Tuesday...

WSJ oped on virus policy

Why is the market going nuts? What should policy do? I put some of my recent thoughts in a Wall Street Journal Op-ed, here . As usual I can...

Coronavirus Protection for Your Team and Patients

With the current Coronavirus pandemic, it’s important to protect yourself, your team, and your patients. This is also an important time ...

Airline bailouts and capital regulation

The airlines are about to get a huge bailout. Why are they in such trouble? Well, yes, nobody is flying so their revenues are cratering. But...

Unemployment insurance pandemic conundrum

Should the government make unemployment insurance more generous and easier to get in the pandemic recession? Well, yes, but it's not ide...

Monetary policy and coronavirus -- French edition

Vox-Fi put up an edited version of my monetary policy and coronavirus post , in French,  La politique monétaire en réponse au coronavirus ...

The market to the rescue

I've been worried that businesses can't get loans to keep going during a virus shut down. Everyone seems to be jumping to the idea...

pandemic and protection

A pandemic can have useful side effects, one being that it makes us see the costs of protection. Next up: how do you stop people from ho...

Area 45 pandemic podcast

For you podcast fans, here is a longer podcast with Hoover's Bill Whalen on economics and the pandemic. It clarifies some of my evolv...

Pandemic Podcast

A new podcast here on pandemic economics. A longer one with Bill Whalen on area 45 is coming soon. from The Grumpy Economist https://if...

From pandemic to financial crisis?

Yes, the stock market is jumping around, but Treasury markets are also going a bit nuts. And the NY Fed is pulling out the Bazookas : Today...

Bugs

Do we have your attention yet? I ran across the Cambridge Centre for the Study of Existential Risk , which thinks about the tail events that...

Rajan on Piketty

People often ask what I think of Piketty. I have to admit: I haven't read his books (or pretended to). Life is short, and it's 1,000...

4 Dentrix Features for Saving Time in Your Office

Stimulus or stimu-lend?

Jason Furman wants stimulus: Congress should pass a simple one-time payment of $1,000 to every adult who is a U.S. citizen or a taxpaying U...

Politically allocated (aka "affordable") housing

I've long been curious about politically allocated housing. (It's called "affordable," and "below market rate," ...