COVID-19 (Coronavirus)

LSE Economics research in response to COVID-19

The COVID-19 pandemic poses formidable challenges to health systems, societies and economies worldwide. This page focuses on the economic consequences of the pandemic and brings together the Department’s research to promote policies that can be deployed by monetary, fiscal and regulatory authorities to weather the storm. New data, new models and new policy packages are presented by our faculty in a series of research papers and policy proposals.

Research Papers and Policy Proposals

Tim Besley and Sacha Dray | The Political Economy of Lockdown: Does Free Media Make a Difference? | June 2020

Swati Dhingra | Protecting informal workers in urban India: The need for a universal job guarantee | VOX CEPR Policy Portal | 2 May 2020

Tim BesleyEthan IlzetzkiXavier JaravelCamille Landais and Ricardo Reis | Further Economic Policy Responses to Covid-19 | LSE | April 2020

The Eurozone COVID-19 Crisis: EU Policy Options | The CFM Surveys | 29 April 2020

Nicholas Stern and Amar Bhattacharya | From rescue to recovery, to transformation and growth: building a better world after COVID-19 | LSE Grantham Research Institute on Climate Change and the Environment | 27 April 2020

Nicholas Stern | China’s 14th plan must prioritise low carbon growth to avoid putting decades of economic and social development at risk as its COVID-19 recovery gets underway | LSE Grantham Research Institute on Climate Change and the Environment | 22 April 2020

Ethan Ilzetzki and Hugo Reichardt Ramping up ventilator production: Lessons from WWII | VOX CEPR Policy Portal | 17 April 2020

Silvana Tenreyro | Monetary policy during pandemics: inflation before, during and after Covid-19 - speech by Silvana Tenreyro | Bank of England | 16 April 2020

Ricardo Reis and Saleem Bahaj | Central bank swap lines during the Covid-19 pandemic | CEPR Press | 8 April 2020

Camille Landais, Emmanuel Saez, Gabriel Zucman | A Progressive European wealth tax to fund the European COVID response | VOX CEPR Policy Portal | 3 April 2020

Camille Landais and Giulia Giupponi | Building effective short-time work schemes for the COVID-19 crisis | VOX CEPR Policy Portal | 1 April 2020

Greg Kaplan, Ben Moll and Gianluca Violante | Pandemics According to HANK | 31 March 2020

Ethan Ilzetzki | COVID-19: The economic policy response | VOX CEPR Policy Portal | 28 March 2020

Erik Berglof, Tim Besley, Christopher Pissarides, Nicholas Stern are among the signatories | The COVID-19 pandemic: A letter to G20 leaders | VOX CEPR Policy Portal | 26 March 2020

Ricardo Reis, Markus Brunnermeier, Jean-Pierre Landau and Marco Pagano | Throwing a Covid-19 Liquidity Life-Line | 17 March 2020

News and Social Media 

Swati Dhingra | It’s time to refresh old ideas like universal job guarantee | hindustantimes | 4 May 2020 

Ricardo Reis | The Economics of Coronavirus: A Reading List | Five Books | April 2020

Christopher Pissarides, Pietro Garibaldi & Espen R. Moen | Lessons from the Economic-Epidemiological Frontier | Project Syndicate | 29 April 2020

Ananda Lal Roy and Maitreesh Ghatak | The Twin Crises of Covid-19 and How to Resolve Them | The India Forum | 28 April 2020 

Mervyn King | King: Ending U.K. Lockdown will be Trial and Error | Bloomberg | 27 April 2020

Erik Berglof | Global leaders issue call to action on COVID-19 | CNBC Africa | 22 April 2020

Lee Elliot Major and Stephen Machin | Covid-19 is increasing the divide in life chances between rich and poor | LSE Business Review | 21 April 2020

Maitreesh Ghatak | The Reader: Step up action to ease poverty amid this crisis | Evening Standard | 21 April 2020

Maitreesh GhatakXavier Jaravel and Jonathan Weigel | The World Has a $2.5 Trillion Problem. Here’s How to Solve It | The New York Times | 20 April 2020

Manuela Saragosa, Paul Lewis, Ricardo Reis, Ila Patnaik, Oluwatosin Olaseinde, Bola Sokunbi and Jürgen Stock | The Coronavirus and Your Money | BBC World Service | 18 April 2020

Maitreesh Ghatak, Rahul Tandon, Andrew Walker, Victoria Craig | India PM announces lockdown extension | BBC World Business Report | 14 April 2020

John Van Reenen | We talked to one of MIT’s best economists about the covid-19 recession | MIT Technology Review | 14 April 2020

Maitreesh Ghatak | Coronavirus Will Upend the 'Profits Over People' Mantra of Globalisation | The Wire | 4 April 2020

Keyu Jin | Is This China’s Global Leadership Moment? | Project Syndicate | 3 April 2020

Ricardo Reis | How do countries differ in their response to the coronavirus economic crisis? | The Guardian | 3 April 2020

Charles Bean | The economics of coronavirus | LSE Business Review | 30 March 2020

Maitreesh Ghatak | 3 Points Of Concern On Government's Much-Needed Economic Package | NDTV | 28 March 2020

Maitreesh Ghatak, Kate Raworth, Winnie Byanyima | Coronavirus: How will it change us? | BBC World Service | 27 March 2020

Stephen Machin | Universal Credit applications | 26 March 2020

Richard Layard | Covid-19: We shouldn’t give priority to sustaining the GDP over the wellbeing of the people | LSE Business Review | 25 March 2020

Maitreesh Ghatak | The crumbling of India's economy | hindustantimes | 24 March 2020

Mervyn King, Mohamed El-Erian, James Bullard | How Bad Could a Global Recession Get? | Bloomberg | 23 March 2020

Erik Berglof | A Pandemic Strategy as Global as COVID-19 | Project Syndicate | 19 March 2020


Ricardo Reis among the speakers | The State of the Union, Europe: Managing the COVID-19 Crisis | 8 May 2020

Ellen Johnson Sirleaf, Paul Collier, Ngozi Okonjo-Iweala, Jonathan Leape | Global leadership to support Africa’s response to Covid-19 | 29 April 2020

Christopher Pissarides, Min Zhu, Long Chen, Cheng Lei | COVID-19: Throwing SMEs and Employment a Lifeline | Luohan Academy | 26 April 2020

Tim Besley, Daron Acemoglu and Jean Tirole | Economic approaches for analysing the short, medium term and long run impact of the COVID-19 crisis | Royal Economic Society | 9 April 2020

Tim Besley, Kaushik Basu, Dani Rodrik, Haroon Bhorat, Luis-Felipe Lopez-Calva, Ashwini Deshpande, Albert Zeufack | Developing Nations and COVID-19 | Royal Economic Society | 23 April 2020

Erik Berglof, Ricardo Reis and Barry Eichengreen | The Three Horsemen: Pandemic, War and Depression in the 20th Century | The LSE Institute of Global Affairs | 17 April 2020

Gordon Brown, Minouche Shafik, Lawrence H. Summers, Andrés Velasco and Erik Berglof Now or Never: crafting the global COVID-19 response | LSE Institute of Global Affairs and the LSE School of Public Policy | 21 April 2020

Masood Ahmed, Melani Cammett, Stephen Hertog, Khalid Abdulla-Janahi, Erik Berglof | Covid-19 and the Social Contract in North Africa and the Middle East | LSE Institute of Global Affairs, LSE School of Public Policy and LSE Middle East Centre | 23 April 2020