The rapid and global spread of the new Coronavirus within just a few months is threatening to infect the global economy. Faculty from the Department of Economics are engaging with the economic and social issues raised by the coronavirus pandemic through their research.
In The News
Saturday 22 May 2021
The Times: How could a wealth tax work in the UK?
Assistant Professor Arun Advani's (Department of Economics, Warwick) proposal through the Wealth Tax Commission to have a one-off UK wealth tax is discussed in this Sunday Times article.
Monday 1 March 2021
UK Parliament Treasury Committee Report: Twelfth Report - Tax after coronavirus
Assistant Professor Arun Advani (Department of Economics, Warwick) presents evidence of a one-off wealth tax as head of the ‘Wealth Tax Commission’ that has been published by the Treasury Select Committee.
Wednesday 17 February 2021
BBC Radio 4: You and Yours: Student Accommodation; Post-pandemic Spending; Broadband
Professor Andrew Oswald (Department of Economics, Warwick) is interviewed live about the UK economic recovery after the pandemic.
Can Economists teach maths during the coronavirus lockdown?
Dr Arun Advani, Associate Professor, comments on Former Shadow Chancellor Ed Balls getting involved with BBC's on-screen lessons during the coronavirus lockdown.
"It is great to see that Ed Balls will be teaching KS3 maths. With his background in Economics, he will not be short on examples to help make it feel practical. From the relationship between money and happiness, which can illustrate quadratic functions, to the power of statistics for understanding income inequality, many of the practical questions people care about are fundamentally economic and can be understood with maths. That's also why the national Discover Economics programme, that I co-lead, will fit so well into the existing school curriculum ".
Coronavirus may cause the biggest slump since the South Sea Bubble
Dr Claudia Rei, Associate Professor, comments on reports that the conoravirus may cause a bigger fall in UK GDP than the South Sea Bubble.
"On recent comparisons between the current economic downturn and that resulting from the South Sea Bubble in the early eighteenth century, it is first important to clarify that the causes of these downturns are not the same and thus the recovery from the present crisis will likely be different".
Read her expert comment in full here.
International Survey on Coronavirus
Thiemo Fetzer, Chris Roth, and Stefano Caria are part of international team of researchers from 12 different institutions, including Harvard, Cambridge, and MIT which is collecting survey data on how citizens prepare and cope with the spreading coronavirus. The survey can be accessed at: http://covid19-survey.org/
7th April 2020 - The first results from Global Coronavirus Survey have been published.
Thiemo Fetzer comments:
“Many governments are currently implementing measures to help contain and slow down the spread of the disease. Understanding how people perceive these policies and crucially compliance intentions are likely important to be effective in containing the spread. The survey evidence will help shed light on this. Data collection as snowball sampling through a broad range of channels. Up to today, more than 100,000 participants from 150 countries took the survey."
579/2021 Nicholas Crafts, Thursday 19 Aug 2021
521/2020 Thiemo Fetzer and Thomas Graeber, Monday 23 Nov 2020
517/2020 Thiemo Fetzer, Thursday 29 Oct 2020
Monica Martinez-Bravo & Andreas Stegmann, Monday 1 Mar 2021
Marcus Miller, Wednesday 13 Jan 2021
Qianxue Zhang, Monday 11 Jan 2021
Radio Interviews, Blog Posts and Podcasts
Mark Harrison features on BBC Radio 4 show 'The End of the Thirty Year Itch' with Phil Tinline.
Roger Farmer discusses the macroeconomics of the Coronavirus on The Spicy Takes Pod Cast.
Mark Harrison has blogged on the parallels between the war on COVID-19 to World War II since 18 March 2020.