Contents
Introduction 1
Richard Baldwin and Beatrice Weder di Mauro
1 Macroeconomics of the flu 31
Beatrice Weder di Mauro
2 Tackling the fallout from COVID-19 37
Laurence Boone
3 The economic impact of COVID-19 45
Warwick McKibbin and Roshen Fernando
4 Novel coronavirus hurts the Middle East and North Africa through
many channels 53
Rabah Arezki and Ha Nguyen
5 Thinking ahead about the trade impact of COVID-19 59
Richard Baldwin and Eiichi Tomiura
6 Finance in the times of coronavirus 73
Thorsten Beck
7 Contagion: Bank runs and COVID-19 77
Stephen G. Cecchetti and Kermit L. Schoenholtz
8 Real and financial lenses to assess the economic consequences of
COVID-19 81
Catherine L. Mann
9 As coronavirus spreads, can the EU afford to close its borders? 87
Raffaella Meninno and Guntram Wolff
10 Trade and travel in the time of epidemics 93
Joachim Voth
11 On plague in a time of Ebola 97
Cormac Ó Gráda
12 Coronavirus monetary policy 105
John H. Cochrane
13 The economic effects of a pandemic 109
Simon Wren-Lewis
14 The good thing about coronavirus 113
Charles Wyplosz