Isabel Horta Correia and Pedro Teles are the two researchers who have most recently had their work on the economic response to the pandemic added to the page Analysis of the Portuguese Economy in times of COVID-19.
In times of economic uncertainty such as those the world faces now, in the midst of a pandemic which has brought economic activity to a screeching halt in many sectors and slowed down economic growth, it should be the role of researchers in economics to colaborate with and inform policy and political discourse with their expertise and knowledge. CATÓLICA-LISBON’s researchers in economics, finance, consumer behavior, and other relevant areas have been doing this exact type of work, which is integrated by the newly launched PROSPER - Center of Economics for Prosperity into the page Analysis of the Portuguese Economy in times of COVID-19.
On this page, readers can find insights from CATÓLICA-LISBON’s experts on a variety of topics which are relevant during the pandemic, including economic analysis in Portugal, surveys of Portuguese citizens’ behaviour during this period, and policy recommendations that take into account recent data and the forefront of scientific knowledge in their areas.
Recently, renowned economist Isabel Horta Correia has participated in a column put together for VOX CEPR by a large group of macroeconomists. Organized by John Hassler, Per Krusell, Morten Ravn and Kjetil Storesletten, this column, entitled “Economic policy under the pandemic: A European perspective”, outlines some principles that should guide domestic economic policy, such as the need for governments to increase economic transfers to vulnerable economic groups. The undersigned economists also call for a unified strategy for managing national debts.
CATÓLICA-LISBON’s Pedro Teles has also been cooperating with other Europe-based researchers. In the article “COVID-19 economic crisis: Europe needs more than one instrument”, also published in VOX CEPR, Pedro Teles and coauthors describe a multi-instrument approach which they believe would be most efficient towards complementing the ECB’s decision to launch a “pandemic emergency purchase programme”. The goals? “Sharing the cost of the COVID crisis, helping member states to borrow at very long maturities and low interest rates, and relaunching the EU after the crisis.”
You can continue to follow PROSPER’s project devoted to COVID-19 policy and analysis here.