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Explainer: the economics of the Coronavirus pandemic

economics Coronavirus pandemic

Governments are trying to mitigate the threat posed by the Coronavirus pandemic to economic well-being. 
This blog by Richard Lewney sets out the principal channels of impact and the issues that need to be addressed in designing mitigation measures.
It follows Coronavirus:…

Coronavirus: how to model the economic impacts of a pandemic

Not long after the coronavirus COVID-19 grabbed news headlines, requests started coming to Cambridge Econometrics to model the economic impacts – we expect to publish a brief analysis soon.

Others have already tried, for example the OECD has now published estimates of impact…

March 2020 Budget preview – battling the fiscal headwinds

Napoleon Bonaparte is widely quoted as saying he would rather have lucky generals who win battles than good generals.

The “general” in charge of the British economy – Chancellor of the Exchequer Rishi Sunak – has had a fair degree of luck in his political career so far…

Investing for sustainable growth

Andrew Sentance argues that to achieve a net zero economy by 2050 the UK government must invest now.
The economic model that has developed in the UK and other major economies over the past 250 years of industrialisation and economic development is heavily dependent on the burnin…

Climate change and financial risk: how economic models can help

In a series of speeches for the Bank of England, Mark Carney warned firms and investors that they must adapt to climate risks.
Sophie Heald, our Sustainable Investment lead, explains how models can be used to help quantify these risks.
The last decade was the warmest ever. In r…

Boris Johnson: what changes for public spending?

Boris Johnson public spending

The excitement of the general election is now well and truly behind us.
The government is apparently striving to re-energise the domestic policy agenda now that ‘Brexit is done’….
Anthony Barker, Director, takes a look at how plans for public spending sit alongside the …

Brexit: the economists were broadly right

brexit economists

Most of the predictions so far of moderate losses to GDP proved to be broadly correct – GDP really is around 1-3% lower than it otherwise would have been.
But economists must be more up-front about the limitations of their modelling and more careful in the way they allow their…