YSI COVID-19 Webinar Series
YSI COVID-19 Webinar Series
March 2020 - October 2020
In this series, we provide an overview of the effects of the COVID-19 crisis, and the immediate crisis responses
YSI COVID-19 Series
It has become clear that the current global pandemic is as much of a health as it is an economic crisis. WIthin the history of world health crises this pandemic seems to be as pivotal as were leprosy, plague and smallpox, that all made irreversible effects on the evolution of modern society.
In this series, we want to
Provide an overview of the effects of the COVID-19 crisis, and the immediate crisis responses,
Anticipate how our socio-economic realities will be affected in the medium and long run,
Identify possible openings for economic thinking and positive societal transformation.
We will likely adopt an eclectic approach and try to involve scholars across regions, disciplines and theoretical standpoints. Some of the possible topics we could cover include the FED response, macroeconomic policy response, erosion of civil rights, effects on emerging markets, effects on reaching sustainability threshold, effects on global supply chains, the role of the pharmaceutical industry, and the future of work.
In addressing these topics, we will implement diverse online formats. Some of the meetings will involve traditional webinar presentations while others will involve roundtables and open forums.
There are no upcoming events in this project.
17 Apr 2020
Andrew Sheng: New Data, New Systemic Analyses for Novel Pandemic Crises
The COVID-19 crisis is stress-testing not just economies, but our economic paradigms and analytical tools. The 2008 crisis revealed that financial systems are networks, and COVID-19 showed how viral contagion and conventional tools (monetary creation) plus lockdowns can bring on recession, depression or conflict. Current single-minded focus on flows and monetary creation to deal with financial crises have ignored second-order effects of social inequality, balance sheet fragility, the rise of Precariat, gig economy and job/income vulnerabilities and social/political polarization exposed by the lockdown. Our current statistical system has good data on financial institutions and large corporations, but little data on small businesses and Precariat and how they are linked and interact. So central bank “whatever it takes” helicopter money will save the Big Boys, but ignores the effective transmission channel to the masses. We may end up exactly like post-2008: concentration is worsened as the 1% knows how to capture QE. We have to do this differently.This is a whole-of-society effort where we need the young to re-image the future, understand the data of the vulnerable, offer novel solutions and re-connect the whole. Andrew Sheng invites YSI scholars to crowd-study the financial condition of those most vulnerable to lockdown, drawing upon diverse data sources to build a more composite picture of how different systems are inter-connected, interdependent with contingent reflexivities. Post-COVID economy and society is bound to be different, while reconstruction of post-COVID economics will require conscience, imagination, and input from the young.Learn more
23 Apr 2020
Zoltán Pozsár: Financial stability in the age of Covid-19
Money is hierarchical and during crises, rules are flexible at the core and rigid at the periphery. In this crisis, the penalty rate part of Bagehot’s rule was replaced with “friendly” rates for the core – with Covid-19 there is no moral hazard in lending to the core of the system at low rates. (...) the net impact of this rule will be that primary dealers will be able to run “limitless Treasury inventories”, which, if need be, will be financed via repos by the Fed. In that sense, the Board of Governors of the Fed is “drafting” the dealer community to take part in the war effort – by financing the war on Covid-19. Paraphrasing Churchill: “we give you the balance sheet, and you’ll finish the job” *PLEASE ACCESS THE RECORDING HERE. *If you click 'listen' on the panel on right, you'll be able to listen to the Q&A.Learn more
1 May 2020
COVID19 and Climate Change
For several years Geoff Mann has been thinking about the political-economic and geopolitical futures that might emerge in world subject to extreme climate change (especially in collaboration with Joel Wainwright). While the urgency of the climate challenge has not diminished, the coronavirus pandemic, and the wide range of responses on the part of various states and national economies, has obviously taken centre stage. Some are even calling it a “dress rehearsal” for a climate change — if, for example, global ecology were to pass some threshold or tipping point. I am not sure the parallels are so clear, but COVID-19 definitely provides a new lens, and new material, with which to take account of where we might be headed. This discussion will begin with an introduction to the ideas presented in Geoff's book,Climate Leviathan, with some more recent updated reflections, and then turn to the lessons the pandemic might (or might not) have to teach us about how to prepare for life an increasingly hot planet.Learn more
18 Jun 2020
Angrynomics in the time of COVID19
In this webinar Mark Blyth will be discussing the questions of anger, politics and economics that have been in focus of his new book "Angrynomics". Why are measures of stress and anxiety on the rise when economists and politicians tell us we have never had it so good? While statistics tell us that the vast majority of people are getting steadily richer, the world most of us experience day in and day out feels increasingly uncertain, unfair, and ever more expensive. In Angrynomics, Mark Blyth and Eric Lonergan explore the rising tide of anger, sometimes righteous and useful, sometimes destructive and ill-targeted, and propose radical new solutions for an increasingly polarized and confusing world. Angrynomics is for anyone wondering, where the hell do we go from here? Clearly the current pandemic makes these questions even more pressing. During the webinar the author will present the argument of the book and cosider what it has to tell us in the light of the current pandemic.Learn more
4 Jun 2020
Economic trajectory and fiscal response during COVID-19: The case of India
The COVID-19 is especially a pressing time for a developing economy such as India. Professor Sen will be talking about the likely trajectory of the Indian economy over the next 2-3 years and would be reflecting on the nature of its fiscal response.Learn more
4 Jun 2020
Money, Politics & Social Conflict in the Age of COVID with Thomas Ferguson
Every country has had a different policy response to the crisis; and within countries different political parties have championed various approaches. How has COVID-19 affected politics and social life in developed western countries? After the webinar that professor Ferguson will give through INET (https://www.ineteconomics.org/events/money-and-politics-in-the-age-of-covid?token=Bo5RmOfz1RifyHELJDklH8FA9zLo9dLl) he will join YSI members for an additional discussion. Attendance of the webinar is a precondition for participation in the discussion.Learn more
25 Jun 2020
COVID-19 effects on the UK's economy
This webinar will host two presentations from INET Oxford scholars: #1 Supply and demand shocks in the COVID-19 pandemic: An industry and occupation perspective #2 Production networks and epidemic spreading: How to restart the UK economy? Presenters: Anton Pichler, R. Maria del Rio-ChanonaLearn more
8 Jul 2020
Slowdown: before and after the pandemic
The end of our high-growth world was underway well before COVID-19 arrived. In his new book "Slowdown" Danny Dorling demonstrates the benefits of a larger, ongoing societal slowdown. Professor Dorling uses compelling visualizations to illustrate how fertility rates, growth in GDP per person, increases in life expectancy, and even the frequency of new social movements have all steadily declined over the last few generations. In this talk he will introduce this new line of reasoning and consider its significance for new economic thinking in the context of post-pandemic worldLearn more
27 Jul 2020
From Calvin to Hamilton? The European vessel in stormy water
In this webinar of our COVID19 Webinar series, professor Simonazzi will intervene in the ongoing discussion about the significance of the pandemic for the European financial architecture. In the talk and discussion with the participants, she will reflect on whether the Hamiltonian moment is over, and whether the missed opportunity to reform the European institutional framework will have momentous consequences not only for the South, but also for the role of the EU in the international arena.Learn more
- Finance, Law, and Economics
For questions, the Project Organizers.
Zoltán Pozsár: Financial stability in the age of Covid-19
April 23 2020, 15:30
Money is hierarchical and during crises, rules are flexible at the core and rigid at the periphery. In this crisis, the penalty rate part of Bagehot’s rule was replaced with “friendly” rates for the core – with Covid-19 there is no moral hazard in lending to the core of the system at low rates. (...) the net impact of this rule will be that primary dealers will be able to run “limitless Treasury inventories”, which, if need be, will be financed via repos by the Fed. In that sense, the Board of Governors of the Fed is “drafting” the dealer community to take part in the war effort – by financing the war on Covid-19. Paraphrasing Churchill: “we give you the balance sheet, and you’ll finish the job”
*PLEASE ACCESS THE RECORDING HERE. *
If you click 'listen' on the panel on right, you'll be able to listen to the Q&A.
You must login to see recordings from this webinar.
Time & Date
Start: April 23 2020, 15:30*
Duration: 90 minutes
*Time is displayed in your local time zone (Africa/Abidjan).
Gerhardt "Kiko" Kalterherberg
Managing Director, Investment Strategy and Research, Credit Suisse
Join us for a Webinar!
Topic: Zoltán Pozsár: Financial stability in the age of Covid-19
Time: April 23 2020, 15:30 (Timezone: Africa/Abidjan)
Join from PC, Mac, Linux, iOS or Android: https://ysi.ineteconomics.org/project/5e947f40a6a5c2058bd14aea/event/5e99b93de03df84054447efc