Global food supply chains have been disrupted by restrictions on movement, and rising food protectionism has threatened access to food and its affordability.
The Covid-19 crisis has provided many grim examples of some familiar problems in health economics and cost-benefit analysis, and of the ‘tragic choices’ that sometimes need to be made.
The policy reaction to the Covid-19 pandemic will increase budget deficits massively in all the world’s leading countries. The deficits will to a significant extent be monetised, with heavy state borrowing from both national central banks and commercial banks.
To overcome the Covid-19 crisis, the European Central Bank is considering pooling debt issuances among the countries of the Eurozone in what has recently been dubbed as “Coronabonds”.