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Covid-19

A Special Capitalisn’t Episode: A Cost-Benefit Analysis of the Economic Shutdown

ProMarket writers
One of the prominent economic debates to emerge during the coronavirus outbreak has been whether to continue with shelter-in-place measures that are hurting the...
Covid-19

From Most No-Brainer to Most Complicated: A List of Policy Proposals to Mitigate the Virus’ Impact

Tyler Cowen
Policymakers need to figure out which sectors we wish to keep up and running (food, health care), which sectors we want to contract rapidly...
Covid-19

This Is Not a Financial Crisis, So Why Should We Bailout Wall Street (Again)?

Matt Stoller
Republican and Democratic Senators reached a deal on a $2 trillion bill to help businesses and people hit by the coronavirus outbreak. But the...
Commentary

How to Interpret Financial Market Movements to Predict the Impact of Coronavirus on GDP

Ralph S.J. Koijen 
Equity markets in the EU and US dropped by as much as 30 percent, which means that investors have revised downward their estimate of...
Covid-19

Why Mass Testing Is Crucial: the US Should Study the Veneto Model to Fight Covid-19

Luigi Zingales
The Italian experience suggests that locking downtowns is a necessary but insufficient condition to stop the spread of the disease. If 50 percent of...
Antitrust and Competition

Bethany McLean’s Weekend Reading List: the Pandemic’s Long-Term Consequences

Bethany McLean
Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.      Of course, this weekend's list is mostly...
Commentary

The ECB Can Save the Italian Economy and Prevent a New Euro Crisis Triggered by Covid-19 Fallout

Olivier Blanchard
The Italian government's effort to contain the coronavirus will have significant economic consequences. Italy should be allowed to ask for emergency help with one...
Commentary

Governments and Central Banks Have a Few Unpleasant Options to Stop the Economic Contagion

Stefano Feltri
The global economy and financial markets are seriously hit by the coronavirus outbreak. Central banks can do something, but monetary policy is not enough.  A fiscal stimulus might mitigate the impact, but the record-level outstanding amount of public and private debt adds additional risk to the current perfect storm.  
Commentary

Why Coronavirus Triggered the First Global Supply-Chain Crisis

Stefano Feltri
The only reason why there is no shortage of goods in American markets is that the epidemic outbreak was close to the Chinese New...
Antitrust and Competition

US Big Business vs China: How Monopolies Harm National Security

Matt Stoller
China’s goal is to concentrate power, both within China and over Western industrial commons. The best reaction is not to mimic Chinese autocratic control...
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ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.