POLITICAL ECONOMY AND PANDEMICS

The Long Economic Hangover of Pandemics

Òscar Jordà, Sanjay R. Singh, and Alan M. Taylor

History shows COVID-19’s economic fallout may be with us for decades

Lifelines in Danger

Antoinette Sayeh and Ralph Chami

The COVID-19 pandemic threatens to dry up a vital source of income for poor and fragile countries

Embracing Identity

Andrés Velasco

Broadly shared identity can be the basis for the sense of shared destiny that is at the core of good politics

Preparing for an Unknown World

Era Dabla-Norris, Vitor Gaspar, and Kalpana Kochhar

We must collectively work toward resolving the problems exposed by the crisis

Life Post–COVID-19

Daniel Susskind, James Manyika, Jean Saldanha, Sharan Burrow, Sergio Rebelo, and Ian Bremmer

Six prominent thinkers reflect on how the pandemic has changed the world

ALSO IN THIS ISSUE

The Devil Is in the Details

Era Dabla-Norris and Aleksandra Zdzienicka

If properly designed, tax-based fiscal consolidation does not have to be politically costly

Caught by a Cresting Debt Wave

M. Ayhan Kose, Franziska Ohnsorge, Peter Nagle, and Naotaka Sugawara

Past debt crises can teach developing economies to cope with COVID-19 financing shocks

On Central Bank Independence

Paul Tucker

The author of Unelected Power discusses constitutionalist central banking in a world of inert politics

Reckoning with Systemic Hazards

Ann Florini and Sunil Sharma

The 21st century is set to be one of massive disruptions that pose serious threats to society

Editor's Letter

Turning Point

Five months ago we set out to write about political economy in this issue—how politics affects the economy and the economy affects politics.

Picture This

Trust Imperative

Richard Edelman

Trust is at rock bottom, and we must urgently restore it

In the Trenches

The Medellín Miracle

Former mayor Federico Gutiérrez discusses how prioritizing security and sustainability paved the way for a 21st century city

Book Reviews

Deaths of Despair and the Future of Capitalism , Anne Case and Angus Deaton

Backstage: The Story Behind India’s High Growth Years , Montek Singh Ahluwalia

Currency Notes

Star Turn

Aruba’s new banknotes spotlight the heroes among its flora and fauna

Niccole Braynen-Kimani and Melinda Weir