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Faculty of Economics

2020 Geneva Report Quoted

A report co-authored by Prof. Giancarlo Corsetti from the Faculty of Economics has been mentioned by Reuters. The 2020 Geneva Report looks at macroeconomic and financial instability and disruptive crises such as the COVID-19 pandemic. The report reckoned the cost of years of pro-cyclical monetary and fiscal policies was a “gradual erosion of policy space” to deal with shocks like this.

Reuters reports the “one-two policy punch” required to tackle the banking crash 12 years ago and this year’s pandemic have left historically high public debt and near-zero interest rates across the maturity spectrum in the world’s major economies - leaving them dangerously exposed to trouble ahead.

Published on - Wednesday 16th December 2020

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