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As the COVID-19 health crisis continues to unfold, so does the economic crisis caused by the pandemic. Policymakers the world over are searching for the answers to critical questions: What should be done to mitigate the economic impact now and in the future? What are the implications across sectors and across borders? And what's next for the global economy?

In an effort to help inform these questions with insights from our faculty and global experts, Chicago Booth has launched a series of three virtual Economic Outlook events: focusing on the United States, Asia, and Europe. At the third and final event on May 13, focusing on Europe, Booth professors Veronica Guerrieri, Randall S. Kroszner, and Brent Neiman discussed the impact of the crisis across Europe, the Middle East, and Africa.

Guerrieri—the Ronald Tarrson Professor of Economics and the Willard Graham Faculty Scholar—studies macroeconomics, labor and financial market frictions, search theory, pandemic contracting, and growth theory. She has been a research associate at the National Bureau of Economic Research since 2013, and a consultant at the Federal Reserve Bank of Chicago since 2014. Kroszner—the Deputy Dean for Executive Programs and the Norman Bobins Professor of Economics—regularly shares insights on the global economy with news outlets around the world. He served as a Governor of the Federal Reserve System from 2006 until 2009. Neiman—the Edward Eagle Brown Professor of Economics and the William Ladany Faculty Scholar—served as the staff economist for International Finance on the White House Council of Economic Advisers. He conducts research on international macroeconomics and trade, and serves as the director of the Initiative on International Economics at the Becker Friedman Institute

Moderator Henry Curr, the economics editor of The Economist, led an hour-long discussion that explored topics facing Europe and the rest of the world, including the role of central banks, labor market mobility, and structural changes that could emerge long-term because of the crisis. 

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