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The Economic and Financial Impacts of the COVID-19 Crisis Around
the World: Expect the Unexpected provides an informed,
research-based in-depth understanding of the COVID-19 crisis, its
impacts on households, nonfinancial firms, banks, and financial
market participants, and the effectiveness of the reactions of
governments and policymakers in the United States and around the
world. It provides reflections and perspectives on the social costs
and benefits of various policies undertaken and a toolkit of
preventive measures to deal with crises beyond the COVID-19 crisis.
Authors Allen N. Berger, Mustafa U. Karakaplan, and Raluca A. Roman
apply their expertise to the research and data on the COVID-19
economic crisis as well as draw on their own rich research
experience. They take a holistic approach that compares and
contrasts this crisis with other economic and financial crises and
assesses economic and financial behavior and government policies in
the booms before crises and the aftermaths following them, as well
as the crises themselves. They do all this with a keen eye on
“Expecting the Unexpected” future crises, and policies that might
anticipate them and provide better outcomes for society.
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