Megan Greene
Global Chief Economist of Manulife/John Hancock Asset Management, regular FT columnist, Board Member of NABE. RT≠endorsement; opinions mine.
Last synced from Twitter 665d ago
Weekly Economic Index (WEI) - FEDERAL RESERVE BANK of NEW YORK
Newyorkfed.org 74d 4 tweets
The WEI is an index of ten daily and weekly indicators of real economic activity, scaled to align with the four-quarter GDP growth rate.
1
Megan Greene This whole hope over experience/science approach to the virus in the US isn’t working too well. The NY Fed’s Weekly Economic Indicator of high frequency data series shows the recovery sputtering. 3d
Subscribe to read | Financial Times
Ft.com 30d 3 tweets
News, analysis and comment from the Financial Times, the worldʼs leading global business publication
1
Megan Greene I’m very late to this party, but the K-shaped recovery is a clever framework 10d
Economic and Environmental Consequences of the COVID-19 Crisis
Eventbrite 55d 2 tweets
How do we turn this coronavirus pandemic crisis into an opportunity to create a safe, fair, clean and green world?
1
Megan Greene Upcoming #webinar alert! Hosted by , , and I are sitting down to discuss the #economic and #environmental consequences of the #COVID19 crisis. Thursday May 21st, 2.30pm ET. Register here 52d
Get ready for a two-speed recovery
POLITICO 56d 1 tweets
The European countries hit hardest by the pandemic will also be the slowest to bounce back.
1
Megan Greene Get ready for the north/south divide in Europe to get worse. My latest in 56d
Can “helicopter money” save the global economy?
Prospectmagazine.co.uk 63d 1 tweets
The time may come for such a programme but it is not today
1
Megan Greene Can helicopter money save the global economy? My latest in 63d
Did America Learn Anything From the Last Economic Crisis?
Neil Irwin - Nytimes.com 77d 9 tweets
Bailout fatigue is already starting to appear, particularly among Republicans.
1
Megan Greene “The pandemic response got off to a really promising start, with everyone coming together with a whatever-it-takes attitude,” said . “But we’re slipping back into the types of gridlock...that followed the financial crisis…” via 75d
Redirect Notice
Google.co.uk 78d 1 tweets
1
Megan Greene Acc to the JPM Institute, half of small businesses have a cash buffer of 27 days. It’s nice the govt is topping up the PPP loans, but it is still not nearly big enough and it is already too late for many of those businesses. 78d
Subscribe to read | Financial Times
Ft.com 82d 2 tweets
News, analysis and comment from the Financial Times, the worldʼs leading global business publication
1
Megan Greene Bailing out the oil patch is an unambiguously terrible idea. My latest in 82d
The imperative of more sovereign debt relief
Prospectmagazine.co.uk 82d 1 tweets
There is no moral hazard involved now in offering help to struggling economies
1
Megan Greene The Pope doesn't usually wade into economics, but he called for debt relief in his Easter service. There is an urgent need for debt forbearance among EM economies. My latest in 82d
Standalone Player | asset.tv
Asset.tv 84d 1 tweets
1
Megan Greene Some of my thoughts on where we go from here in terms crisis-fighting policies, reopening the economy and what the economy will look like when the dust settles. 84d
Economic Fallout from the Coronavirus Crisis on Emerging Market and Developing Economies | Econofact
Econofact 86d 2 tweets
More than 90 countries have petitioned the IMF for assistance in the past few weeks, and the IMF estimates that emerging markets and developing economies will face a shortfall of at least .5 trillion this year - the IMF can lend up to content=
1
Megan Greene Many EM and developing economies are facing a very rough road ahead. and I flesh out why and how in our latest memo. This issue will no doubt be front and center at the IMF/WB spring meetings this week. 86d
Economic Pain Will Persist Long After Lockdowns End
Nytimes.com 87d 4 tweets
President Trump has predicted an economic boom once stay-at-home and other restrictions are lifted. But economic activity is likely to remain subdued until the threat of the coronavirus recedes.
1
Megan Greene No V shaped recovery: "It's not just stay-at-home orders & other govt restrictions that have chilled economic activity in the US over the past mo. It's also a behavioral response from workers & consumers scared of contracting the virus.” via 87d
How the G20 can hasten recovery from COVID-19
PIIE 88d 22 tweets
The world's leading economic powers must cooperate more to combat the health and economic shocks resulting from the COVID-19 pandemic. In a new PIIE Briefing, Peterson Institute experts outline how collective action by the Group of Twenty (G20)...
2
Megan Greene Wonder how things would be different with international coordination to fight this pandemic? Check out this e-book by edited by and Maurice Obstfeld on how the G20 can and should hasten the global recovery from COVID19. 88d
"I’ve read the plans to reopen the economy. They’re scary."
Ezra Klein - Vox 91d 58 tweets
There is no plan to return to normal.
1
Megan Greene "Until there’s a vaccine, the US either needs economically ruinous levels of social distancing, a digital surveillance state of shocking size and scope, or a mass testing apparatus of even more shocking size and intrusiveness.” via 89d
IMF, World Bank Face Deluge of Aid Requests From Developing World
David Harrison, Josh Zumbrun - WSJ 92d 3 tweets
The health of the global economy comes down to a race between money flooding out of emerging markets amid the coronavirus pandemic and the efforts of the International Monetary Fund and World Bank to pump money back in.
1
Megan Greene Record capital outflows from EM, a collapse in global trade and plummeting oil prices mean we’re going to be hit by an avalanche of sovereign debt crises, and “the system just can’t handle this many defaults and restructurings at the same time.” 92d
Pandemic economics: coping with COVID-19
YouTube 95d 6 tweets
Few events in recent history have affected the lives of people around the world as profoundly as COVID-19. Although the evolution of the pandemic is full of ...
1
Megan Greene Didn’t get a chance to tune in to Pandemic Economics with and myself? Check out the recording here: 95d
Americans are underestimating duration of coronavirus crisis, experts say
Helen Branswell - STAT 98d 18 tweets
Many experts believe that experts say that, even if some restrictions are relaxed, it’s unlikely life as normal will resume in early May.
2
Megan Greene Economists don’t have the luxury to remain in our silo and ignore other professions anymore, we have to rely on public health experts. And they seem to be overwhelmingly suggesting that that whole V shaped recovery is not the most likely outcome. 97d
Job losses stack up: COVID-19 to hit hourly workers, smaller businesses hardest, say experts
Ipsos 105d 1 tweets
More than half of people in a global poll feel a ‘high threat’ to their job from the pandemic.
1
Megan Greene Great write-up by Ipsos on who is going to be hit hardest by this crisis and how policy might (and might not) mitigate that, with comment by yours truly and 105d
Let the Fed Administer an Antiviral Shot
WSJ 116d 4 tweets
An emergency lending program would keep a liquidity crisis from turning into a solvency crisis.
1
Megan Greene “...the Fed should immediately invoke its emergency powers under Section 13(3) of the Federal Reserve Act and establish a new credit facility to ensure that sound businesses and households have ready access to cash to get through the crisis.” 116d
🔊 Listen Now: Financial Markets Rattled By The Multiple Effects Of COVID-19
NPR One 119d 1 tweets
Economy on NPR One | 4:57
1
Megan Greene I joined this morning to discuss the economic and financial nature of this coronavirus crisis, how our policy response is shaping up and what it really needs to include to offset the shock to the economy 119d