Über die Auswirkungen der Pandemie auf Renten und Löhne, Börsen und die Nationalbank haben wir mit dem Ökonomen Dirk Niepelt von der Universität Bern ein Interview geführt. Erfahren Sie in unserem Newsroom #lilAktuell noch mehr News, spannende Stories und nützliche Tipps von Valiant Bank: https://www.valiant.ch/lilaktuell Es ist uns wichtig Ihnen den bestmöglichen und vor allem einen unkomplizierten Zugang zu gewährleisten. Denn Zugang schafft...
Read More »Valiant Nachrichten – Corona und die Wirtschaft
Über die Auswirkungen der Pandemie auf Renten und Löhne, Börsen und die Nationalbank haben wir mit dem Ökonomen Dirk Niepelt von der Universität Bern ein Interview geführt. Erfahren Sie in unserem Newsroom #lilAktuell noch mehr News, spannende Stories und nützliche Tipps von Valiant Bank: https://www.valiant.ch/lilaktuell Es ist uns wichtig Ihnen den bestmöglichen und vor allem einen unkomplizierten Zugang zu gewährleisten. Denn Zugang schafft Verbundenheit und guter Service begeistert....
Read More »Medical Specialist Condemns Swiss Covid-19 Preparations and Response
In Die Mittelländische Zeitung, a Swiss doctor criticizes Switzerland’s preparations and response to Covid-19. He points to Lack of preparation by political decision makers Misleading communication by federal health officials Their apparent lack of awareness of academic work on the topic Arrogance in Switzerland and the West vis-à-vis China and other far eastern countries Sensationalist scare mongering in the media Calls for systematic infection of groups that are less at risk Informative...
Read More »Deaths Per Capita versus Confirmed Cases Per Capita
Data from April 6, 2020. Iceland and Luxembourg have many more confirmed cases per capita than other countries (either because they have more cases or better information). Mortality per confirmed case is highest in Italy, Spain, France, Belgium, Netherlands, UK. Source: Author’s calculations based on Johns Hopkins data and World Bank data.
Read More »“Wirtschaftspolitik angesichts von Covid-19: Lastenteilung, aber keine Preismanipulationen (Economic Policy Responses to Covid-19: Burden Sharing, But no Price Distortions),” ÖS, 2020
Ökonomenstimme, 3 April 2020. HTML. Shorter version published in NZZ. The aggregate Covid-19 shock calls for transfers of the type a pandemic insurance would have brought about. But we must not distort relative prices. They have to reflect scarcity, to provide incentives to overcome it. (This applies within countries but also across.)
Read More »“Preise müssen sich frei bilden können (Prices Must Reflect Scarcity),” NZZ, 2020
NZZ, 2 April 2020. PDF. The aggregate Covid-19 shock calls for transfers of the type a pandemic insurance would have brought about. But we must not distort relative prices. They have to reflect scarcity, to provide incentives to overcome it. (This applies within countries but also across.)
Read More »Switzerland Peps Up SMEs
How Switzerland peps up SMEs: Banks are encouraged to extend credit (at 0%). The treasury guarantees the loans. The SNB refinances banks and accepts the guaranteed loans as collateral. Fast and efficient. Eventually, some of these loans will turn into grants of course. But that’s ok; the first-best response to a shock with asymmetric effects does involve transfers if markets are incomplete.
Read More »Data and Research on the Coronavirus
The first of a long sequence of nice papers on the virus by economists are out: Martin Eichenbaum, Sergio Rebelo, and Mathias Trabandt (2020), The Macroeconomics of Epidemics. NBER wp 26882. (My comments on Twitter.) James Stock (2020), Coronavirus Data Gaps and the Policy Response to the Novel Corona Virus. Mimeo. Conclusion: There is an urgent need to reliably estimate the asymptomatic rate—the share among the infected who do not show strong symptoms. Data: Unconditional mortality rates...
Read More »Coronavirus: The Hammer and the Dance
An excellent article written by Tomas Pueyo and published on Medium. Summary of the article: Strong coronavirus measures today should only last a few weeks, there shouldn’t be a big peak of infections afterwards, and it can all be done for a reasonable cost to society, saving millions of lives along the way. If we don’t take these measures, tens of millions will be infected, many will die, along with anybody else that requires intensive care, because the healthcare system will have...
Read More »Coronavirus News Gauge
Green: Index. — Brown: United Airlines. — Orange: Zoom video communications.
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