Economic impacts of COVID-19

The coronavirus (COVID-19) pandemic has changed the world, hitting economies hard and leaving millions of people unemployed. School of Economics academics are closely following the outcomes of the virus, and the subsequent restrictions, on our society and have provided their expert commentary on a range of topics. The below series of four videos provides an assessment of the economic impact of COVID-19 as it unfolds.

 

The challenges of forecasting in the COVID-19 pandemic

Professor Rodney Strachan discusses the challenges of forecasting during a time of unprecedented economic shock and high levels of uncertainty resulting from the COVID-19 pandemic.

Produced 3 July 2020.


Episode 4: The economics of ageing and longevity

Professor Brenda Gannon (Director of Research in the School of Economics and Affiliate Professor in the Centre for the Business and Economics of Health) explores how older people have been affected by COVID-19, the allocation of health resources and how these learnings can ensure a better Australia.

Produced 30 April 2020.


Episode 3: Panic buying and selling in the age of COVID-19 

Professor Daniel Zizzo, Academic Dean and Head of School of Economics, examines the role social risk-taking and belief conservatism have played during the pandemic. 

Recorded 23 April 2020.


Episode 2: The fiscal impact of COVID-19

How much is $320 billion really? Professor Flavio Menezes asks whether this kind of expenditure really is unprecedented by comparing this spend to the budget during the Global Financial Crisis, and the annual cost of federal assistance programs. 

Produced 14 April 2020.


Episode 1: The impact of physical distancing on jobs and the economy

Professor John Quiggin, prominent research economist and commentator on Australian economic policy, addresses the impact of COVID-19 on employment and the government response to this challenge.

Recorded 6 April 2020.