Week 9

The Stock Market, the “Alphabet” Recovery, Uncertainty, and the Debt Overhang. Whew!

For this last week we will think about the macroeconomic challenges going forward and reflect on the current state of the world.  In the former case, we have readings about the disconnect between the US stock market and the US economy, the “alphabet” possibilities for recovery, whether the economy is suffering from a demand or a supply-side shock (SPOILER ALERT: It’s both), and whether uncertainty or debt are likely to be a drag on recovery (SPOILER ALERT: Yes to both).  

After that, we have (at least) two on-going pandemics aside from CoVID-19, malaria and HIV/AIDS.   Pick one and do the readings.   

If I knew then what I knew now I would have included a reading on civil unrest. I think in this case the trigger came from an unexpected place, but the fact that we see people in the streets is not surprising, I don’t think.

Professor Snowden wraps things up for us telling us to be on the lookout for SARS and the flu.   You can learn a lot from that guy!  

Where is the Economy Headed?

The Continuing Malaria Pandemic

  • Goodman, Catherine, et al. “The economics of malaria and its control.” Scientific Working Group on Malaria (WHO/TDR ed) (2003).
  • (495 Only) Maskin, Eric, Célestin Monga, Josselin Thuilliez, and Jean-Claude Berthélemy. “The economics of malaria control in an age of declining aid.” Nature communications 10, no. 1 (2019): 1-5.

The Continuing HIV/AIDS Pandemic

Not the Last Word

Tacked on for Good Measure (Optional, possibly useful)

(More on Conspiracies): Frederick Kaufman, “Pandemics go hand in hand with conspiracy theories,” New Yorker, May 13, 2020

(Krugman weighs in):  Noah Smith, “Paul Krugman Is Pretty Upbeat About the Economy,” Bloomberg, May 27, 2020  

(What?, indeed):  Eric Lipton et al., “The CDC Waited ‘Its Entire Existence for this Moment.’  What Went Wrong?”  New York Times, June 3, 2020