Contents

Introduction 1

Richard Baldwin and Beatrice Weder di Mauro

1 Macroeconomicsoftheflu 31

Beatrice Weder di Mauro

2 Tackling the fallout from COVID-19 37

Laurence Boone

3 The economic impact of COVID-19 45

Warwick McKibbin and Roshen Fernando

4 Novel coronavirus hurts the Middle East and North Africa through

many channels 53

Rabah Arezki and Ha Nguyen

5 Thinking ahead about the trade impact of COVID-19 59

Richard Baldwin and Eiichi Tomiura

6 Finance in the times of coronavirus 73

Thorsten Beck

7 Contagion: Bank runs and COVID-19 77

Stephen G.

8 Real and financial lenses to assess the economic consequences of

COVID-19 81

Catherine L. Mann

9 As coronavirus spreads, can the EU afford to close its borders? 87 Raffaella Meninno and Guntram Wolff

10 Trade and travel in the time of epidemics 93

Joachim Voth

11 On plague in a time of Ebola 97

Cormac O Grada

12 Coronavirus monetary policy 105

John H. Cochrane

13 The economic effects of a pandemic 109

Simon Wren-Lewis

14 The good thing about coronavirus 113

Charles Wyplosz