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Lessons from history, @EconObservatory has published a series of articles on what policy-makers & the public can learn from past pandemics, recessions & recoveries, #CoronavirusandtheEconomy ht @ProfJohnTurner @QUCEHBelfast, #econhist @EcHistSoc coronavirusandtheeconomy.com/topics/lessons…
Historical epidemics provide only a loose guide to the likely impact of coronavirus; what history does suggest is that when they occur in societies already under stress, they can provoke wide-ranging & long-term changes in attitudes, culture &institutions coronavirusandtheeconomy.com/question/what-…
The pandemic of 1918-19 – commonly known as the #SpanishFlu – infected perhaps a third of the world’s population; many researchers, including economists, are looking back to that experience for insights into the spread of #Covid19 & potential responses coronavirusandtheeconomy.com/question/does-…
The world continues to experience episodes that remind us of the profound disruptions of C20th wartime; but how far does the war analogy stretch? #Covid19 has been able to disrupt our economy at a speed that no foreign enemy ever matched, @mark4harrison coronavirusandtheeconomy.com/question/what-…
How did the UK reduce its very high ratio of public debt to GDP after WWII while expanding the welfare state? Low interest rates, low unemployment, rapid economic growth & tolerance for higher taxation all played a role, Nick Crafts @cage_warwick
coronavirusandtheeconomy.com/question/rebui…
Big increases in govt borrowing & total public sector debt have been an essential policy response to #Covid19's health & economic effects - but such rises are not unprecedented: we can learn from past experiences about how best to deal with the challenges coronavirusandtheeconomy.com/question/what-…
While the #Covid19 recession has some unique characteristics, research on past experiences of economic downturns offers valuable lessons on how long recovery takes & what policies might accelerate that process @ProfJohnTurner @QUCEHBelfast @EconObservatory coronavirusandtheeconomy.com/question/what-…
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