Follow the link for the full summary: https://markusacademy.substack.com/p/what-it-will-take-to-save-the-economy
Explore the webinar series: https://markusacademy.substack.com/archive
On April 6, 2020, Olivier Blanchard joined Markus' Academy for a seminar on how COVID-19 has impacted the global economy—and what it will take to recover from this unprecedented crisis. Blanchard is a Senior Fellow at the Peterson Institute in Washington, D.C. and a former Chief Economist at the IMF.
Download the slides here.*
Timestamps: [0:00] Markus' introduction
[6:48] Beginning of Blanchard presentation
[9:09] Phase 1, decreasing the infection rate
[11:03] Phase 2, keeping the infection rate low
[14:16] Developing and emerging markets
[17:59] Infection fighting
[22:24] Disaster Relief
[27:43] Control of aggregate demand
[32:21] Debt sustainability
[36:18] The important fiscal role of central banks
[39:50] Back to developing and emerging markets
[41:23] The role of central banks and international institutions
[45:25] Audience questions