After the health crisis, coming out of the economic crisis
The lockdownof a major part of the world’s population has halted a large number of economic activities deemed non-essential to the fight against Covid-19. Unemployment, payment delays and bankruptcies have increased dramatically and the spectre of a long depression haunts the minds of those who like to compare the current crisis to that of 1929. The response being promoted today is therefore the one that would have been desirable 90 years ago: massive State intervention, using all possible means of economic policy. In this session, we will question the relevance of such a comparison (how can a stock market panic on Wall Street be similar to the one caused by a new form of flu that appeared in Wuhan?) and, by ricochet, on the appropriateness of a Keynesian revival. Other, more structural, ways out of the crisis will be considered, particularly those that put in place measures to improve crisis management and the resilience of economies.