Crawford School of Public Policy
The Australian National University
Image credit: visuals3Dde from Pixabay
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The 2020 outbreak of COVID-19 is a truly global shock, unlike any seen before. The public health policies implemented to contain the virus have significantly disrupted the global economy through both supply and demand channels and have substantially affected global financial markets. Governments, central banks, and international financial organizations such as the IMF and the World Bank have stepped up to support the economy with fiscal and monetary stimulus and a substantial increase in the government debt burden. However, the unfolding of COVID-19 is greatly uncertain. Health and hence economic outcomes appear to be vastly different across countries and even within states within countries. What is certain is that the global economy has fundamentally changed.
The program aims to understand the global and country-specific financial market and macroeconomic impacts of the COVID-19 pandemic. The program will provide a forum to explore the new financial market and economic linkages between countries and the potential mechanisms of recovery from the crisis. The aim is to inform policymakers in both emerging and developed economies and to enhance academic research as the world seeks to recover from this crisis.
The program focusses on:
- The global macroeconomics consequences of the pandemic
- New channels of transmission of the international financial market and economic shocks
- Fiscal policy responses to the pandemic
- Conventional and unconventional monetary policy responses to the pandemic
- The interaction between fiscal and monetary policy in mitigating the effects of the pandemic
- Commodity prices and the coronavirus pandemic
- The COVID-19 and income and intergenerational inequality
- Macroeconomic effects of changes in agents’ behaviour and modes of interaction
- Short-term and long-term impacts on the labour market
Joaquin Vespignani
University of Tasmania
School of Economics and Finance
Research associates
Baris Alpaslan
Girish Bahal
Christiane Baumeister
Tino Berger
Prasad Bhattacharya
Saroj Bhattarai
Hilde C. Bjørnland
Robert Breunig
Markus Brueckner
Barbara Buchner
Giovanni Caggiano
Efrem Castelnuovo
Arpita Chatterjee
Pratiti Chatterjee
Sang-Wook (Stanley) Cho
Biplob Chowdhury
Mariarosaria Comunale
Creina Day
Corrado Di Guilmi
Laurent Ferrara
Ippei Fujiwara
Prasanna Gai
Dinesh Gajurel
R Quentin Grafton
James Graham
Stefano Grassi
Ross A. Hammond
Mathias Hoffmann
Cody Yu-Ling Hsiao
Jan P.A.M. Jacobs
Anil Savio Kavuri
Wee Chian Koh
Robert Kollmann
Wilfredo Maldonado
Warwick McKibbin
Kamiar Mohaddes
James Morley
Anella Munro
Christopher Murphy
James Nason
Chiara Oldani
Gulcin Ozkan
Alessia Paccagnini
Laurent Pauwels
Victor Pontines
Bruce Preston
Francesco Ravazzolo
Kalvinder K. Shields
Pierre Siklos
Andrew Stoeckel
Rod Tyers
Mark Weder
Samuel Wills
Benjamin Wong
Jasmine Zheng
Yixiao Zhou