Nicholas Bloom on Economic Impacts of COVID-19 in the Short-run and Long-run

Nicholas Bloom is a professor of economics at Stanford University and a leading scholar on management, productivity, innovation and economic uncertainty. Nick is a previous guest of Macro Musings and returns to share his thoughts on COVID-19 and what it means for the US economy, both in the short-run and in the long-run. David and Nick also discuss the impact of the virus on the future of urban living, on the economics profession as a whole, and who will bear the biggest brunt of these impacts.

 

Transcript for the episode can be found here.

 

Nick’s NBER archive: https://www.nber.org/people/nick_bloom

Nick’s Stanford profile: https://www.gsb.stanford.edu/faculty-research/faculty/nicholas-bloom

 

Related Links:

 

Bonus segment with Nick: https://youtu.be/q2M0TLwV_Xw

 

*COVID-Induced Economic Uncertainty* by Scott R. Baker, Nicholas Bloom, Steven J. Davis, and Stephen J. Terry.

https://www.nber.org/papers/w26983

 

*U.S. Economic Activity During the Early Weeks of the SARS-Cov-2 Outbreak* by Daniel J. Lewis, Karel Mertens, and Jim Stock.

https://www.newyorkfed.org/research/staff_reports/sr920

 

*Depression Babies: Do Macroeconomic Experiences Affect Risk-Taking?* by Ulrike Malmendier and Stefan Nagel.

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1369049

 

*Managing with Style* by Marianne Bertrand and Antoinette Schoar.

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=376880

 

*Are Ideas Getting Harder to Find?* by Nicholas Bloom, Charles I. Jones, John Van Reenen, and Michael Webb.

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3039019

 

*Does Working from Home Work? Evidence from a Chinese Experiment* by Nicholas A. Bloom, James Liang, John Roberts, Zhichun Jenny Ying

https://nbloom.people.stanford.edu/sites/g/files/sbiybj4746/f/wfh.pdf

 

*How Many Jobs Can be Done at Home?* by Jonathan I. Dingel and Brent Neiman.

https://bfi.uchicago.edu/wp-content/uploads/BFI_White-Paper_Dingel_Neiman_3.2020.pdf

 

David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth