Fiscal policy and the post Covid-19 social contract

July 10, 2020

By EBRD multimedia team

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The full cost of the coronavirus pandemic is still unknown. But state spending has skyrocketed as governments try to protect whole sectors and industries which were put into induced comas this spring.

How will we pay our debts incurred during this crisis? What will be the price of recovery?

In this coronavirus special, EBRD Managing Director of Communications, Jonathan Charles and EBRD Chief Economist Beata Javorcik were joined by:

Willem H. Buiter, the former Citibank Chief Economist and Member of the Monetary Policy committee of the Bank of England (and former EBRD Chief Economist as well). He was awarded the CBE in 2000;

Martin Wolf, Chief economics commentator at the Financial Times;

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