Insuring the Survival of Post-Pandemic Economies

Frydman, Roman; Phelps, Edmund S.

The substantial increase in the scale and scope of government action needed to tackle the COVID-19 pandemic should be viewed as an unprecedented form of short-term systemic insurance. This approach requires not only vast government spending but also a temporary state-led reorganization of the entire economy.


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More About This Work

Academic Units
Center on Capitalism and Society
Center on Capitalism and Society Working Papers, 116
Published Here
July 29, 2020


Originally published as an op-ed by Project Syndicate on March 23, 2020.