News & insights

Loading...
Apr 2020
Insights/Publications

The coronavirus has the world in its grip. It is certain that the measures to contain the virus have already caused a major global economic crisis. The aim of this policy paper is to lay out the Department of Economics' view of the consensus that is emerging in the economics profession after thourough debates on how to deal with the crisis. And to work out what we think this means for Switzerland.

Apr
 
20
Insights/Publications

The coronavirus has the world in its grip. It is certain that the measures to contain the virus have already caused a major global economic crisis. The aim of this policy paper is to lay out the Department of Economics' view of the consensus that is emerging in the economics profession after thourough debates on how to deal with the crisis. And to work out what we think this means for Switzerland.

Apr 2020
Insights/Research

Das Coronavirus und Covid-19 beschäftigen die Welt. Aktuell beteiligen sich Forschende des Departments in nationalen und internationalen Medien an der öffentlichen Analyse und Diskussion. Neben den Beiträgen aus ihren jeweiligen Spezialgebieten haben die Professorinnen und Professoren des Department of Economics ein gemeinsames Positionspapier veröffentlicht. Dieses fasst den Konsens der ökonomischen Debatte zusammen und zeigt Handlungsoptionen für die Schweiz auf.

Apr
 
20
Insights/Research

Das Coronavirus und Covid-19 beschäftigen die Welt. Aktuell beteiligen sich Forschende des Departments in nationalen und internationalen Medien an der öffentlichen Analyse und Diskussion. Neben den Beiträgen aus ihren jeweiligen Spezialgebieten haben die Professorinnen und Professoren des Department of Economics ein gemeinsames Positionspapier veröffentlicht. Dieses fasst den Konsens der ökonomischen Debatte zusammen und zeigt Handlungsoptionen für die Schweiz auf.

02.04.20 > News
"What we are currently experiencing is an enormous sense of community"

One should not neglect one thing, Ernst Fehr stresses in an interview with Swiss paper Tagesanzeiger: "Today we are much better equipped to deal with the consequences of a severe economic crisis than we used to be. In contrast to the 1930s, we have completely different social security systems and economic support programs." Fehr adds that we have excellent health insurance in Switzerland and that we have a broadly based short-time working regime: "These are social security measures. They prevent the market from governing alone. And now they enable us to have a strong sense of community."

02.04.20 > News
Minimize pandemic risk in the future

In this week’s Weltwoche, Joachim Voth looks towards the future. "There is no guarantee that the next virus will not be as deadly as Ebola and as contagious as the Coronavirus", he notes. The answer to future pandemic risks does not lie in reversing globalization, as the greatest advantages of globalization, are based on the free exchange of goods, which is not the problem. The main risk is the movement of people. "We need to ask ourselves whether millions of people really need to fly around the world, just for pleasure," Joachim Voth says.

01.04.20 > News
"Sooner or later, calculations will be made about it"

Crises always challenge us on sensitive questions. Joachim Voth reveals this in an interview with the Swiss paper Handelszeitung. Should we protect older people and stifle the economy, or restart the economy again and put older people at risk? Voth contemplates: "I think it is correct and exemplary how the solidarity community is currently working. But you can't ultimately kill the economy to permanently protect the 10 percent from a health risk. There have to be other ways."

01.04.20 > News
"We could build a virtual plague wall"

At the last major outbreak of the plague in Europe, in Marseille 300 years ago, the French king had a plague wall built around the city. Anyone who wanted to climb over it was shot at. "This was how the disease was contained," summarizes Joachim Voth in a Spiegel interview. Why shouldn't we move this idea to virtual space? "Location data from citizens' cell phones can help the virus spread more slowly. South Korea, Taiwan and Singapore are leading the way." Then Voth adds: "Of course, we have to make sure that the citizens won't become transparent."

31.03.20 > News
What the economists recommend

The current debate among economists about the crisis is intense. It is therefore an important purpose of the published position paper to present the indisputability of a number of assessments in Switzerland, explains David Dorn in Swiss newspaper Tagesanzeiger. In as much as there is a lot of apparent economic wisdom passed around.

In an interview with Swiss Radio 1, David Dorn explains that conflicting goals between medical and economic interests only exist in the short term. "In the medium term, we see much more that there are common interests. Because what many medical researchers also strongly emphasize is that building up a good test capacity is now important."

Mar 2020
Insights/Publications

Das Coronavirus hat die Welt im Griff. Die Massnahmen zur Eindämmung des Virus haben bereits jetzt eine globale Wirtschaftskrise erheblichen Ausmasses hervorgerufen. Ziel dieses Positionspapiers ist es, die Sicht des Department of Economics auf den Konsens zu beschreiben, der sich in der ökonomischen Disziplin nach intensiven Debatten über den Umgang mit der Krise abzeichnet, und herauszuarbeiten, was dies unserer Meinung nach für die Schweiz bedeutet.

Mar
 
20
Insights/Publications

Das Coronavirus hat die Welt im Griff. Die Massnahmen zur Eindämmung des Virus haben bereits jetzt eine globale Wirtschaftskrise erheblichen Ausmasses hervorgerufen. Ziel dieses Positionspapiers ist es, die Sicht des Department of Economics auf den Konsens zu beschreiben, der sich in der ökonomischen Disziplin nach intensiven Debatten über den Umgang mit der Krise abzeichnet, und herauszuarbeiten, was dies unserer Meinung nach für die Schweiz bedeutet.

26.03.20 > News
A plea for representative corona testing

In Swiss paper NZZ, Ernst Fehr accuses politicians of making decisions based on insufficient data. And he makes a suggestion. The most urgent task - and this has so far been neglected - is to collect a random sample across Switzerland. All three important parameters would be measured: infected, uninfected and immune. In order to reduce the immense economic costs in the long term, we need a way back to normal - and for that we would need objective, differentiated data by region, concludes Fehr.

26.03.20 > News
"I am optimistic for Switzerland"

In an interview with Swiss paper Tagesanzeiger, behavioral economist Ernst Fehr is "(...) optimistic because people are willing to make certain sacrifices that will benefit the community to deal with this crisis". He emphasizes the fact that it takes longer in Switzerland to reach a political consensus than, for example, in China. Fehr sees the Swiss economy as very resilient and relatively flexible. It is now up to the companies to learn how they manage the cooperation and coordination of many home office employees and how they use and motivate the employees productively.

Mar 2020
Insights/Research

Joachim Voth draws parallels between the current strategies to curb the spread of the coronavirus and those used to combat the plague in Marseille in 1720. Back then, the rigorous restriction of mobility by building plague walls proved to be the most effective solution. Today, politics must balance the costs and benefits of unrestricted movement of people and goods. While exchange of goods supports economic growth, freedom of movement for people contributes little to the benefits of globalization, he argues that the lesson of Wuhan should be that we start a broad discussion about how much mobility is actually desirable.

Mar
 
20
Insights/Research

Joachim Voth draws parallels between the current strategies to curb the spread of the coronavirus and those used to combat the plague in Marseille in 1720. Back then, the rigorous restriction of mobility by building plague walls proved to be the most effective solution. Today, politics must balance the costs and benefits of unrestricted movement of people and goods. While exchange of goods supports economic growth, freedom of movement for people contributes little to the benefits of globalization, he argues that the lesson of Wuhan should be that we start a broad discussion about how much mobility is actually desirable.

19.03.20 > News
CANCELLATION - Wirtschaftspodium and Pinker

Due to the current situation regarding the corona virus, the Wirtschaftspodium Schweiz from 23 April 2020 has been canceled. Also the opinion event with Steven Pinker will not take place on May 14th. We keep you informed if there are further postponements and cancellations of events.

18.03.20 > News
Economic effects of pandemics

The Economist looks in its Free Exchange column at the economic effects of pandemics. It highlights research by Joachim Voth, published in the Review of Economic Studies, arguing that population collapse after the Black Death in 14th century Europe caused a jump in incomes. This, in turn, led to more spending on manufactured goods produced in cities, and thus to higher rates of urbanization. In this way, the medieval plague had a silver lining - it put Europe on the path to the industrial revolution. The Economist concludes that though the human costs of pandemics are dreadful, the long-run economic effects need not be so.

ALL NEWS

Spotlight events

Mar
24
Academic event/Seminar

Caroline Hoxby (Stanford)

Mar
24
Academic event/Seminar

Caroline Hoxby (Stanford)

Mar
25
Academic event/Seminar

Benjamin Moll (Princeton)

Mar
25
Academic event/Seminar

Benjamin Moll (Princeton)

Apr
23
Public event/Podium

Mit Expertinnen und Experten aus den Bereichen Altersvorsorge und Gesundheitswesen

Apr
23
Public event/Podium

Mit Expertinnen und Experten aus den Bereichen Altersvorsorge und Gesundheitswesen

May
14
Public event/Opinions

Steven Pinker, Harvard University

May
14
Public event/Opinions

Steven Pinker, Harvard University

ALL EVENTS