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Donald Marron Profile picture
Donald Marron
@dmarron
Economist & nature lover. Institute fellow @UrbanInstitute. Writer about economics, finance, & life.
Mar 13, 2020 • 5 tweets • 1 min read
How should macroeconomic policy respond to COVID-19? Twitter has hosted a lively debate in recent days. In this chart, I’ve tried to distill that discussion into three basic strategies: (1/5) First, some immediate decline in economic activity is necessary to combat the virus. We want risky activities to stop. We know GDP is not a measure of social wellbeing. That’s especially true today. Policy should not try to fill that hole. (2/5)