Stimulus: Between a Rock and a Hard Place
We have on hand an economic dilemma with no clear solution on hand, but it is important we consider the possible implications of our choices
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Social Distancing: A Game of Two Locales
A basic game theoretic model is developed to explain the challenge of implementing social distancing across locales.
The Continuing Rise of China
The coronavirus pandemic, while having taken its toll on China, also creates huge opportunities for China's continued global ascent.
$2 Trillion in Additional Stimulus: The Good and the Bad
Unless the stimulus can ultimately get workers back to producing, its benefit on the economy will be short-lived.
Fueling Inflation?
More and more stimulus and no production will only generate inflation and markets know this.
The Coronavirus Externality Problem
Characterizing the coronavirus pandemic as an externality lends credibility to the actions being taken by the government to address it.
National Emergency Declared in the US over COVID-19
A National Emergency is declared by President Trump and the markets react very positively to this. We explain the reason for this optimism.
The Evolution of a Recession
The coronavirus is going to cause an economic recession, but how does one typically happen and how can it be nipped in the bud? We explain
Killing the Coronavirus Behemoth
How to kill a giant that defies normal macroeconomic stimulus is to address the incentives question directly - put a bounty on its cure.
Payroll Tax Cuts?
First, it was an aggressive interest rate cut, then a spending bill, now its payroll tax cuts. Will this latest move stop the bleeding?