
COVID-19 may be as contagious economically as it is medically. This eBook addresses some key questions: How, and how far and fast, will the economic damage spread? How bad will it get? How long will the damage last? What are the mechanisms of economic contagion? And, above all, what can governments do about it?ContentsIntroductionRichard Baldwin and Beatrice Weder di Mauro1 Macroeconomics of the fluBeatrice Weder di Mauro2 Tackling the fallout from COVID-19Laurence Boone3 The economic impact of COVID-19Warwick McKibbin and Roshen Fernando4 Novel coronavirus hurts the Middle East and North Africa through many channelsRabah Arezki and Ha Nguyen5 Thinking ahead about the trade impact of COVID-19Richard Baldwin and Eiichi Tomiura6 Finance in the times of coronavirusThorsten Beck7 Contagion: Bank runs and COVID-19Stephen G. Cecchetti and Kermit L. Schoenholtz8 Real and financial lenses to assess the economic consequences of COVID-19Catherine L. Mann9 As coronavirus spreads, can the EU afford to close its borders?Raffaella Meninno and Guntram Wolff10 Trade and travel in the time of epidemicsJoachim Voth11 On plague in a time of EbolaCormac O Grada12 Coronavirus monetary policyJohn H. Cochrane13 The economic effects of a pandemicSimon Wren-Lewis14 The good thing about coronavirusCharles Wyplosz