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The COVID-19 Crisis

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    The Two Pandemics

    Robert J. Shiller

    Predicting the stock market at a time like this is hard. To do so well, we would have to predict the direct effects on the economy of the COVID-19 pandemic, as well as all the real and psychological effects of the pandemic of financial anxiety. The two are different, but inseparable.

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The Next Epicenters

Featured in this Big Picture
  1. Roberto Chang Roberto Chang ,
  2. Denis Chopera Denis Chopera ,
  3. Jayati Ghosh Jayati Ghosh ,
  4. Martín Guzmán Martín Guzmán ,
  5. Ricardo Hausmann Ricardo Hausmann ,
  6. Célestin Monga Célestin Monga ,
  7. Yik-Ying Teo Yik-Ying Teo ,
  8. Andrés Velasco Andrés Velasco ,
  9. Kevin Watkins Kevin Watkins

The COVID-19 pandemic has rapidly overwhelmed health systems and shut down economies from China to Europe to the United States. But the virus could be even more lethal for the vulnerable developing countries of the Global South.

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Lockdown Iván Terrón/Europa Press via Getty Images

The Post-Pandemic World

Featured in this Big Picture
  1. Kemal Derviş,
  2. Pinelopi Koujianou Goldberg,
  3. Federica Mogherini,
  4. Raghuram G. Rajan,
  5. Kevin Rudd,
  6. Sebastián Strauss,
  7. Arvind Subramanian,
  8. Gernot Wagner

As the COVID-19 outbreak worsens, many fear that it will not only exact a terrible human and economic toll, but also that it will deepen today’s crisis of globalization and global governance. But the pandemic might yet shake up international politics for the better.

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The Great Contagion

Featured in this Big Picture
  1. Kaushik Basu,
  2. Barry Eichengreen,
  3. James K. Galbraith,
  4. Koichi Hamada,
  5. Adaora Okoli,
  6. Arkebe Oqubay,
  7. Lucrezia Reichlin,
  8. Anders Åslund

The rapid escalation of the COVID-19 crisis is confronting the global economy with its biggest test since 2008. But with mechanisms of international coordination having been weakened by populist politics in recent years, will policymakers be able to mount an aggressive and effective response?

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25 years of the World's Opinion Page
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Renewing Europe

Mar 4, 2019 Emmanuel Macron

To commemorate its founding 25 years ago, PS is republishing a selection of commentaries written since 1994. 

In the following commentary, Emmanuel Macron called on EU citizens to focus on three goals ahead of the critical European Parliament election in May 2019.

Comments From: Chris Patten, Diane Coyle, Clemens Fuest, Stefan Gerlach, Anatole Kaletsky, Christopher Smart, Ana Palacio, Mark Leonard, Edoardo Campanella, Lucrezia Reichlin, Daniel Gros, Éloi Laurent, Jacek Rostowski, Helmut Anheier, Erik Berglöf, Carl Bildt, Gene Frieda.

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