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New Atlanticist

Mar 30, 2020

What COVID-19 means for the United States’ economic and financial statecraft

By Michael Greenwald

In response to the coronavirus pandemic, monetary authorities at the US Federal Reserve have undertaken unprecedented actions to support liquidity in global markets. These steps have included support for domestic debt markets, including a recent expansion in the corporate bond market, as well as swap lines targeting the global dollar shortage. Beyond these moves, the broader policy response during and after the COVID-19 outbreak may drive longer-term changes in the global trading system.

Coronavirus International Markets

In the News

Mar 27, 2020

Younus in his podcast “Pakistonomy,” episode 11: Economy and Coronavirus

By Atlantic Council

Coronavirus Economy & Business

New Atlanticist

Mar 27, 2020

US coronavirus stimulus package offers some relief, but economic pain will remain

By David A. Wemer

US lawmakers are near final passage of an unprecedented stimulus package to help the US economy weather the storm of the coronavirus crisis, but that does not mean that all of the economic damage can be prevented. Jason Furman said he was “impressed by how much Washington has done, how quickly it has done it, how comprehensively it has done it,” but added that he is “worried that all of that won’t be enough for…an economy that is shutting down in such an unprecedented way.”

Coronavirus International Financial Institutions

New Atlanticist

Mar 26, 2020

Coronavirus crisis sends shockwaves through US labor market

By Bart Oosterveld

The US Department of Labor’s unemployment release on March 26 gave fresh numbers to display the shocking and historic impact of the spread of the coronavirus and the resulting economic collapse in the United States. Initial weekly unemployment claims through March 21 came in at 3.28 million, a historic high surpassing all but the most pessimistic forecasts as well as the experiences in prior sharp downturns such as the oil crisis and global financial crisis.

Economy & Business Macroeconomics

In the News

Mar 25, 2020

Chhibber in Businessworld: Need Bold Economic Life Support To Ride Out The Pandemic

By Atlantic Council

Coronavirus Economy & Business

New Atlanticist

Mar 24, 2020

The Fed ramps up its coronavirus response

By Bart Oosterveld

On March 23, the Fed announced meaningful additional measures to support the US economy, following dire predictions from some senior policymakers over the weekend. In its statements, the Fed restated its commitment to deploy “its full range of tools to support the US economy,” and its next steps do not by any measure exhaust those tools. The Fed, in other words, has multiple “kitchen sinks” to throw at problems.

Coronavirus Macroeconomics

In the News

Mar 24, 2020

Younus in Dawn: As economy grinds to a halt, businesses need a stimulus package but they should prepare to give back

By Atlantic Council

Coronavirus Economy & Business

In the News

Mar 22, 2020

Åslund quoted by RFE/RL on international investment in Ukraine

By Atlantic Council

Economy & Business International Markets

New Atlanticist

Mar 22, 2020

What the G20 needs to do to combat the global coronavirus economic crisis

By Hung Tran

The stakes for the upcoming G20 virtual summit are quite high. Either it succeeds in presenting a plausible global approach to deal with the pandemic and its impact, thus stabilizing public confidence and financial markets, or it can leave the world rudderless in the storm.

Coronavirus G20

New Atlanticist

Mar 18, 2020

The global economic policy response to coronavirus takes shape

By Bart Oosterveld

Governments and central banks globally have been engaged in an initial round of measures to blunt the anticipated economic impact of the spread of the virus, including making funds available, lowering key interest rates, intervening in funding markets, and supporting emergency lending.

International Financial Institutions International Markets

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