From Wuhan to Italy, one of the most serious problems associated with COVID-19 has been the lack of intensive care units (ICUs), mechanical ventilators, and staff trained to operate them. In both cases (and notwithstanding China’s astonishing expansion of hospital capacity), many of the deaths could have been prevented with more ICUs and more ventilators. In the absence of … [Read more...] about A Sharing Economy for Mechanical Ventilators
With thousands of deaths worldwide, the coronavirus has spread panic in nearly all countries and territories where it has hit. People fear not only infection and death, but upheavals to their daily lives, rituals, and traditions. Everything from earning an income to having a normal family life or even putting food on the table has been put into doubt. And doubt tends to build … [Read more...] about In the Fight Against the Coronavirus, Behavioral Economics is a Potent Weapon
Financial markets are in turmoil with the spread of COVID-19 and its consequences for the global economy. Emerging markets suffer particularly acutely in times of financial uncertainty, as global investment portfolios shift to safer asset classes. This means that the COVID-19 shock is creating a “sudden stop” in capital flows for emerging markets. The costs of sudden stops for … [Read more...] about Latin America has experienced sudden stops in the past. The coronavirus takes the challenge to a new level.