A collective initiative by the economic research community to answer questions from policy-makers and the public about the economics of the Covid-19 crisis and the recovery

What role does emotion play in our responses to coronavirus?

How we feel has a strong influence on what we do – and perhaps even more so during a crisis like the Covid-19 pandemic. An understanding of how emotions function is crucial if we are to guide more effective policy-making. In particular, we must stay alert to the dangers of fear.

What will be the effect of coronavirus on gig economy workers?

If demand for ‘gig economy’ work increases as companies try to save costs in the Covid-19 recession, that could allow more people to work flexibly. Alternatively, if more people enter the gig economy, perhaps because they can’t find other jobs, competition for limited ‘gigs’ could increase.

Can behavioural economics help with the enforcement of social distancing?

People’s compliance with lockdown, social distancing instructions and other protective measures are influenced by their beliefs, expectations and concern for others. Insights from behavioural economics can help in the design of effective policies.

Who complies with social distancing measures in the pandemic?

A key policy response to coronavirus has been the enforcement of social distancing rules, including lockdown. Economic research shows that people’s reactions to restrictions are influenced by differences in social capital, trust in government and political beliefs.

What financial support is needed for artists and the arts in the pandemic?

Coronavirus has struck a particularly hard blow to the performing arts and those whose livelihoods depend on them. Having multiple sources of financial support available for the arts and artists increases the likelihood of meeting their many and varied needs.

How did central banks respond to the coronavirus crisis?

The monetary policy response by three of the world’s major central banks – the Bank of England, the European Central Bank and the US Federal Reserve – has contributed significantly to mitigating the economic consequences of the global pandemic.

What are the effects of lockdown and recession on domestic violence?

Lockdowns have been followed by a surge in domestic violence. It is vital to understand the impact of unemployment, income loss and time spent at home to assess the remedial potential of cash transfers compared to initiatives such as shelters that can help women to escape.

What are the implications of coronavirus for fiscal devolution in the UK?

The UK’s 1999 devolution settlement means that decisions about the public health response to Covid-19 are made by the three devolved governments of Scotland, Wales and Northern Ireland. What are the implications for the economic policy response and the future of fiscal devolution?

Is mental health among ethnic minorities worse affected by the pandemic?

Covid-19 is disproportionately affecting the physical and mental health of black, Asian and minority ethnic people in the UK, exacerbating existing inequalities. Bangladeshi, Indian and Pakistani men have suffered the highest increase in mental distress.

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