“I have been involved in many economic crises, including three major ones in Sweden. But I have never previously experienced such a rapid course of events and so many decisions being taken in such a short space of time.”, said the Governor of the Swedish Riksbank Stefan Ingves in a speech at the beginning of April on the Riksbank’s measures to mitigate the effects of the corona crisis on the economy.
Are we in the biggest economic crisis of modern times?
Without doubt, the lockdown has massively affected the world economy, with unforeseeable long-term consequences. How are different countries and regions affected? What strategies are available to best mitigate the crisis? How can companies and industries be saved best, and which role does the state and massive state support play? Does the crisis offer a chance to develop economies into a future-proof direction, considering the imminent climate crisis? Will consumer behaviour change after the crisis?
These are only a few of the questions the participants of this debate will discuss.
- Peter Diamond, Massachusetts Institute of Technology, Department of Economics, USA
- Bengt R. Holmström, Massachusetts Institute of Technology, Department of Economics, USA
- Novaira Junaid, Punjab Economic Research Institute (PERI), Economics Research, Pakistan
- Robert J. Shiller, Yale University, Department of Economics, USA
- Jean Tirole, Honorary Chairman, Toulouse School of Economics (TSE), France
- Jurgen Willems, Professor for Public Management and Governance, Vienna University of Economics and Business, Austria
Moderator: Romesh Vaitilingam, Media Consultant, Pira Consulting, United Kingdom