Coronavirus

The coronavirus (COVID-19) pandemic threatens to plunge the global economy into a recession or worse. PIIE scholars assess the economic outlook, possible approaches to reverse the downturn, and the factors—including trade protection—that have worsened the situation.

Featured Content

The entrance of CureVac, the headquarters of the biopharmaceutical company, is shown. Tuebingen, Germany on July 3, 2021
Imago Images/ULMER Pressebildagentur via Reuters Connect
RealTime Economic Issues Watch

Don't let CureVac's COVID-19 vaccine supply chain go to waste

Chad P. Bown (PIIE)
August 9, 2021
People wait seated to receive a dose of AstraZeneca coronavirus disease (COVID-19) vaccine at Municipal Gymnasium in Linares Mexico February 17, 2021.
REUTERS/Daniel Becerril
PIIE Briefing

Economic Policy for a Pandemic Age: How the World Must Prepare

Monica de Bolle (PIIE), Maurice Obstfeld (PIIE) and Adam S. Posen (PIIE), editors
April 2021
Vaccine distrubition in India
Tribune India/Sarabjit Singh/CC Attribution-ShareAlike 4.0 International
Trade and Investment Policy Watch

The US did not ban exports of vaccine supplies. But more help is needed.

Chad P. Bown (PIIE) and Chris Rogers (S&P Global Market Intelligence Panjiva)
June 7, 2021
A 6th grader picks up schoolwork packets with his mother during the outbreak of coronavirus disease (COVID-19), in Seattle, Washington, U.S. March 17, 2020.
REUTERS/Lindsey Wasson
Working Paper

The role of childcare challenges in the US jobs market recovery during the COVID-19 pandemic

Jason Furman (PIIE), Melissa Kearney (University of Maryland; Aspen Economic Strategy Group) and Wilson Powell III (Harvard Kennedy School)
June 2021
US spending patterns have changed dramatically since the start of the pandemic
PIIE Chart

US spending patterns have changed dramatically since the start of the pandemic

Jason Furman (PIIE) and Wilson Powell III (Harvard Kennedy School)
June 9, 2021
MANAOS, BRAZIL- The City Council brings health and assistance services to native tribes in Manaus, Brazil on May 21, 2020.
Reuters Marketplace - Latin America News Agency Pictures
RealTime Economic Issues Watch

The pandemic is not under control anywhere unless it is controlled everywhere

Chad P. Bown (PIIE), Monica de Bolle (PIIE) and Maurice Obstfeld (PIIE)
February 2, 2021
A healthcare worker prepares a syringe with the Moderna COVID-19 Vaccine, January 29, 2021.
REUTERS/Mike Segar
RealTime Economic Issues Watch

It's taking too long to get vaccine doses from refrigerators into arms

David Wilcox (PIIE)
February 2, 2021
The US has outspent France on job retention and other support for SMEs but had less success
PIIE Chart

The US has outspent France on job retention and other support for SMEs but had less success

Jérémie Cohen-Setton (PIIE) and Jean Pisani-Ferry (PIIE)
June 25, 2020

Recent Content

RealTime Economic Issues Watch

"Zero-COVID" in Shanghai comes at high social and economic costs

Tianlei Huang (PIIE)

April 15, 2022
RealTime Economic Issues Watch

US employment and wages are rising briskly amid strong labor demand

Karen Dynan (PIIE) and Wilson Powell III (Harvard Kennedy School)

April 1, 2022
Past Event

Labor Market Tightness in Advanced Economies

Olivier Blanchard (PIIE), Romain Duval (IMF), Pierre-Olivier Gourinchas (IMF), Anna Stansbury (PIIE) and Betsey Stevenson (University of Michigan)

March 31, 2022
PIIE Chart

US wages stalled in February after months of strong growth

Jason Furman (PIIE) and Wilson Powell III (Harvard Kennedy School)

March 7, 2022
RealTime Economic Issues Watch

US gained surprising number of jobs in February but wage growth was nearly flat

Jason Furman (PIIE) and Wilson Powell III (Harvard Kennedy School)

March 4, 2022
Working Paper

The international financial system after COVID-19

Maurice Obstfeld (PIIE)

February 2022
Op-Eds

Prospects of the global economy after Covid-19

Daron Acemoglu (Massachusetts Institute of Technology), Thorsten Beck (Florence School of Banking and Finance, EUI; CEPR), Maurice Obstfeld (PIIE) and Yung Chul Park (Korea University)

February 28, 2022
via VoxEU
Past Event

Supporting and Restructuring Firms Hit by the COVID-19 Crisis

Sean Hagan (PIIE), José Garrido (International Monetary Fund), Emanuel Kopp (International Monetary Fund), Patrick Honohan (PIIE) and Kristine Høegh-Omdal (Norwegian Ministry of Finance)

February 24, 2022
Past Event

COVID-19 and the bank-sovereign nexus in emerging markets

Nicolas Véron (PIIE), Tobias Adrian (International Monetary Fund) and Anna Gelpern (PIIE)

February 10, 2022
PIIE Chart

US employment has rebounded across sectors, but gaps remain

Karen Dynan (PIIE) and Wilson Powell III (Harvard Kennedy School)

February 4, 2022