As the world grapples with the human and economic toll of the COVID-19 crisis, many members of the Group of Thirty have offered their perspectives on the situation and recommendations for how we can best respond. Below is a list of articles and interviews that G30 members have contributed in their individual capacities. This list will continue to be updated as members continue to publish on the topic.
News
G30 Members on the COVID-19 Crisis
Mark Carney:
(February 28, 2020) Coronavirus could mean economic growth downgrade for UK
(March 3, 2020) Bank of England outlines COVID-19 response
(March 3, 2020) Mark Carney warns economic shock from COVID-19 outbreak could be large
(March 11, 2020) Bank of England makes emergency interest rate cut
(April 16, 2020) How the economy must yield to human values
(March 19, 2021) A chance to reboot globalisation
Agustín Carstens:
(March 29, 2020) Bold steps to pump coronavirus rescue funds down the last mile
Mario Draghi:
(March 25, 2020) We face a war against coronavirus and must mobilise accordingly
(October 8, 2020) Maintaining sound money amid and after the pandemic
(October 12, 2020) The Great Reallocation
William Dudley:
(March 17, 2020) The Fed used its bazooka. Now it's the government's turn.
(March 29, 2020) Congress and the Fed are saving lives
(June 22, 2020) A $10 trillion Fed balance sheet is coming
(June 23, 2020) The Fed's risky business is worth it
(July 9, 2020) Corporate culture holds the key to risk resilience in times of crisis with Ross Marazzo
(September 3, 2020) The Fed's new approach won't help the economy now
(October 8, 2020) The COVID crisis exposed what financial reformers missed
(October 28, 2020) The Fed is really running out of firepower
(December 3, 2020) Five Reasons to Worry about Faster U.S. Inflation
(February 10, 2021) Four More Reasons to Worry about U.S. Inflation
(February 23, 2021) Four Reasons Not to Worry about U.S. Inflation
(February 25, 2021) The Fed May Need to Head Off a Money-Market Mess
(April 7, 2021) This Bank Regulation is Undermining the Recovery
Arminio Fraga Neto:
(March 23, 2020) Nine items that guarantee credit for companies to withstand coronavirus shock with Vinicius Carrasco and José Alexandre Scheinkman
(March 28, 2020) Economy would suffer 'second blow' without quarantine
(August 5, 2020) Despite Troubles, Brazil's SUS Healthcare System Can Be a Model for Latin America
(August 12, 2020) Finding Nuance in Brazil's Crisis
(August 27, 2020) Brazil’s and Mexico’s presidents are both ‘wrecking balls’ with Guillermo Ortiz
Jason Furman:
(May 29, 2020) Democratic Economist Predicts Rosy Economy That May Work in Trump's Favor
(May 31, 2020) Protecting People Now, Helping the Economy Later
(June 16, 2020) What a successful economic recovery plan must look like
(July 2, 2020) US unemployment rate falls again but little progress after accounting for recalls from temporary layoffs with Wilson Powell III
(July 13, 2020) US Unemployment Insurance in the Pandemic and Beyond
(July 14, 2020) Eliminating expanded unemployment compensation would harm the US economy
(August 7, 2020) US unemployment rate falls again but still little progress for people who have not been temporarily furloughed from their jobs with Wilson Powell III
(August 21, 2020) An Interview with Business Insider
(September 4, 2020) US unemployment rate falls in August as many workers on temporary layoffs return to work with Wilson Powell III
(October 2, 2020) Challenge facing US labor market worsened in September even as the headline numbers improved with Wilson Powell III
(November 6, 2020) U.S. labor market improves, but further progress will be harder with Wilson Powell III
(November 11, 2020) The Economy Can't Wait until January
(November 30, 2020) The Crisis Opportunity
(December 1, 2020) A Reconsideration of Fiscal Policy in the Era of Low Interest Rates with Lawrence H. Summers
(January 25, 2021) Biden's Stimulus Should Stay the Course
(April 2, 2021) Rapid progress in US labor market but still a long way to go with Wilson Powell III
Timothy Geithner
(June 16, 2020) What a successful economic recovery plan must look like
Philipp Hildebrand:
(March 24, 2020) Central banks must evolve to help governments fight coronavirus
(March 25, 2020) COVID-19 is not a black swan event
Mervyn King
(December 4, 2020) Fiscal Policy During and Beyond the Covid Crisis
(February 15, 2020) The Debate About Stimulus is Missing the Point
(February 22, 2021) The Case for Post-Pandemic Pessimism
Klaas Knot:
(June 11, 2020) Entering and exiting the frozen-state economy
(September 22, 2020) Emerging from the crisis stronger together
(October 1, 2020) Relaunching Growth in Europe together
(October 1, 2020) Monetary policy responses to the corona crisis
(October 20, 2020) Introductory - Financial Stability Report Autumn 2020
(October 20, 2020) COVID-19 - how to contain the impact on our financial system
(October 20, 2020) The European Central Bank's strategy review against the background of the COVID-19 crisis
(November 10, 2020) Monetary policy in the face of the Corona pandemic
(April 22, 2021) From intensive care to full recovery - finding the way out of the Covid crisis
Paul Krugman:
(April 1, 2020) Notes on the coronacoma
(April 2, 2020) The COVID-19 slump has arrived
(April 5, 2020) How will the economy recover from COVID-19?
(May 11, 2020) Opening the economy too soon could backfire, badly
(June 15, 2020) Market Madness in the Pandemic
(September 7, 2020) Gross Domestic Misery is Rising
(March 15, 2021) The Pandemic and the Future City
Haruhiko Kuroda:
(May 14, 2020) COVID-19 economic and financial developments and the responses taken by the Bank of Japan
(May 26, 2020) Semiannual report on currency and monetary control
(August 3, 2020) The impact of COVID-19 on the Japanese economy and the Bank of Japan's response
(September 23, 2020) Japan's economy and monetary policy
(October 7, 2020) COVID-19 and the global economy--impact and challenges from Asia's perspective
(December 28, 2020) Response to COVID-19 and Medium- to Long-Term Challenges for Japan's Economy
Jacques de Larosière:
(April 1, 2020) Reflections on the health and financial crisis
(April 6, 2020) Clearing landmines after the war
(July 20, 2020) Negative interest rates cannot save indebted economies
Guilermo Ortiz
(August 27, 2020) Brazil’s and Mexico’s presidents are both ‘wrecking balls’ with Arminio Fraga
Raghuram Rajan:
(March 13, 2020) The pandemic stress test
(March 20, 2020) Rich countries cannot win the war against coronavirus alone
(April 6, 2020) India faces greatest economic emergency since independence
(April 10, 2020) Raghuram Rajan, Prannoy Roy on economy amid COVID-19 crisis
(April 19, 2020) The impact of COVID-19 on the global economy
(April 30, 2020) Another round of lockdowns will be devastating
(May 12, 2020) Business cannot simply awake from this coma and carry on
(May 22, 2020) COVID-19: decentralized vs. centralized government
(July 7, 2020) Pursue self-interest by helping other economies too
(August 3, 2020) Should governments spend away?
(December 21, 2020) State support for Covid-hit companies has to change
(February 8, 2021) Building Back Broader
(April 11, 2021) A riot of US speaning spells trouble for future generations
Maria Ramos
(September 3, 2020) Digital Finance for a Fairer Post-Pandemic World with Achim Steiner
Hélène Rey:
(February 29, 2020) SMEs need targeted response in light of coronavirus
(March 19, 2020) Coronavirus: only solidarity between states will save us from a major crisis
(April 5, 2020) COVID-19 economic crisis Europe needs more than one instrument with senior European economists
(April 30, 2020) Let's stay the course of a low-carbon economy
(June 11, 2020) This capital flight that threatens emerging countries
William Rhodes:
(April 7, 2020) Come together with Stuart Mackintosh
(April 15, 2020) Maduro’s mess: Venezuela is least equipped for virus with Cristina Valencia
(April 29, 2020) 'Worst crisis' in EM portends Wall Street-Washington battle
(May 25, 2020) Debt crisis will delay global recovery
(September 29, 2020) Another lost decade for Latin America?
(March 3, 2021) The threats to recovery with Stuart Mackintosh
(March 9, 2021) Consider a debt for vaccines program with Cristina Valencia
Kenneth Rogoff:
(March 19, 2020) Economist Ken Rogoff on whether the U.S. has ever experienced a crisis like this one
(March 26, 2020) The coronavirus debt threat with Carmen Reinhart
(March 31, 2020) The coronavirus crisis could be as bad as anything we've seen in the last 150 years
(April 7, 2020) Mapping the COVID-19 recession
(April 13, 2020) Suspend emerging and developing economies’ debt payments with Carmen Reinhart
(April 13, 2020) COVID-19 collapse exceeds any recession in the last 150 years
(May 4, 2020) The case for deeply negative interest rates
(May 18, 2020) Harvard’s Reinhart and Rogoff say this time really is different
(June 3, 2020) Deglobalization will hurt growth everywhere
(July 6, 2020) Will universities learn from the lockdown?
(August 5, 2020) COVID coin?
(September 3, 2020) The Uncertainty Pandemic
(October 5, 2020) The Stock-Market Disconnect
(November 10, 2020) The Calm before the Exchange Rate Storm
(December 7, 2020) The Infrastructure Spending Challenge
(February 5, 2021) The Perils of an Uneven Global Recovery
(March 1, 2021) Are Inflation Fears Justified?
Tharman Shanmugaratnam
(September 14, 2020) Dialogue with Tharman Shanmugaratnam on "Anticipating a New World" at the Singapore Summit 2020 Virtual Conference
Masaaki Shirakawa:
(April 18, 2020) Coronavirus should not put an end to globalization
(July 29, 2020) COVID-19's staggering economic impact forces deep macro policy rethink
Lawrence H. Summers:
(March 24, 2020) Trump is missing the big picture on the economy
(March 28, 2020) Rush back to 'normal' would be the blunder of the century
(April 2, 2020) Larry Summers guesses recovery could be faster than anticipated
(April 15, 2020) Debt relief is the most effective pandemic aid with Gordon Brown
(May 5, 2020) Given what we're losing in GDP, we should be spending far more to develop tests
(May 14, 2020) COVID-19 looks like a hinge in history
(December 1, 2020) A Reconsideration of Fiscal Policy in the Era of Low Interest Rates with Jason Furman
(February 4, 2021) The Biden stimulus is admirably ambitious. But it brings some big risks, too
Tidjane Thiam:
(April 7, 2020) Senior Africans propose standstill on eurobond payments
(April 9, 2020) Africa needs debt relief to fight COVID-19 with senior African economists
(April 13, 2020) Arming Afrca with a debt, aid and open digital delivery partnership
(April 18, 2020) Debt standstill for Africa: The G-20’s action is an important first step that must be complemented, scaled up, and broadened with senior African economists
Jean-Claude Trichet:
(March 5, 2020) G-20 is too quiet on coronavirus
(March 24, 2020) Former ECB president sees risk of 'dramatic depression' if policymakers fall short
(March 24, 2020) ECB has plenty of ammunition
(April 4, 2020) Interview with The Currency
(September 2, 2020) Trichet says U.S. talking down dollar ‘absolutely inappropriate’
(January 20, 2021) Préparer l’économie et la société aux défis de demain
Adair Turner:
(March 19, 2020) We need tax breaks and direct grants to sectors hit by pandemic
(March 23, 2020) Are central banks now impotent? with Paul Tucker
(April 20, 2020) Monetary finance is here
(May 19, 2020) Achieving a sustainable Chinese recovery
Kevin Warsh:
(February 26, 2020): The Fed can't wait to respond to coronavirus
(March 15, 2020) Let the Fed administer an antiviral shot
(April 2, 2020) The long road back to economic recovery
(September 7, 2020) The Fed puts its independence on the line
Axel Weber:
(February 17, 2021) Will Inflation Make a Comeback?
John Williams:
(April 17, 2020) Interview on handling of the coronavirus-fuelled crisis
(April 17, 2020) A time for bold action
(May 21, 2020) The Economy in the Time of Coronavirus
(August 13, 2020) Rising to the challenge—central banking, financial markets, and the pandemic
(September 25, 2020) The Federal Reserve must reduce long-term damage from coronavirus with Ben Bernanke
Janet Yellen:
(April 1, 2020) Brookings: COVID-19 and the economy
(April 6, 2020) Unemployment may go to depression levels
(April 9, 2020) Interview: Janet Yellen on this ‘devastating’ economic crisis and the government’s response
(August 24, 2020) The Senate is on vacation while Americans starve
Yi Gang
(July 16, 2020) The IMF should turn to special drawing rights in its Covid-19 response
(November 9, 2020) Sound monetary policy
Ernesto Zedillo
(April 15, 2020) A roadmap for confronting COVID-19 in Latin America with senior Latin American economists
(April 16, 2020) Latin America confronts the coronavirus with Fernando Henrique Cardoso, Ricardo Lagos, and Juan Manuel Santos
(August 14, 2020) A joint call to the G20 for coordination on health and the economy with The Elders
Zhou Xiaochuan:
(May 8, 2020) Asian development prospects and challenges under the pandemic