COVID-19 may be as contagious economically as it is medically. This eBook addresses some key questions: How, and how far and fast, will the economic damage spread? How bad will it get? How long will the damage last? What are the mechanisms of economic contagion? And, above all, what can governments do about it?

Introduction
Richard Baldwin and Beatrice Weder di Mauro

1 Macroeconomics of the flu
Beatrice Weder di Mauro

2 Tackling the fallout from COVID-19
Laurence Boone

3 The economic impact of COVID-19
Warwick McKibbin and Roshen Fernando

4 Novel coronavirus hurts the Middle East and North Africa through many channels
Rabah Arezki and Ha Nguyen

5 Thinking ahead about the trade impact of COVID-19
Richard Baldwin and Eiichi Tomiura

6 Finance in the times of coronavirus
Thorsten Beck

7 Contagion: Bank runs and COVID-19
Stephen G. Cecchetti and Kermit L. Schoenholtz

8 Real and financial lenses to assess the economic consequences of COVID-19
Catherine L. Mann

9 As coronavirus spreads, can the EU afford to close its borders?
Raffaella Meninno and Guntram Wolff

10 Trade and travel in the time of epidemics
Joachim Voth

11 On plague in a time of Ebola
Cormac O Grada

12 Coronavirus monetary policy
John H. Cochrane

13 The economic effects of a pandemic
Simon Wren-Lewis

14 The good thing about coronavirus
Charles Wyplosz