The Long-Term Impact of Coronavirus on the Global Economy

The video explores the long-term economic impacts of pandemics, drawing on historical data from as far back as the 1300s. It discusses how pandemics can depress interest rates for decades and examines the role of monetary policy in addressing economic challenges. The discussion highlights the importance of fiscal responses and the potential for permanent job losses. Concerns about inflation and economic stability are addressed, with comparisons to Japan's economy. The video also considers demographic changes and their effects on economic estimates and fiscal policy.

In what ways can central banks respond to the economic challenges posed by a pandemic?

What are the potential risks of not providing economic support during a pandemic?

What are the concerns regarding inflation and deflation during a pandemic?

How does the demographic impact of a pandemic differ from previous pandemics?