Thus far the coronavirus pandemic has hit some of the world's richest economies particularly hard. The United States, Italy, Spain, France and the United Kingdom were the five countries experiencing the highest known death tolls from COVID-19 as of mid-April 2020. But this does not mean that emerging
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Coronavirus presents economic challenges as well as adverse consequences for public health. Interruptions to regular business activity through people sheltering at home, limiting both the supply of workers and the demand for goods and services, coupled with panic in financial markets, almost certainly
...The U.S. economy is in its longest expansion on record. As unemployment touches historic lows, a striking feature of this expansion is that contrary to what economic theory would predict, inflation too remains strangely low. Megan Greene (Harvard) and Michael Klein,
...Stock market volatility—big swings in the prices of stocks—had actually been relatively low in the period of recovery from the financial crisis through 2017. However, that trend has been changing of late, with several incidences of volatility marked by ‘short,
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