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Upcoming Event

BPEA Fall 2020: COVID-19 and the Economy

The Brookings Papers on Economic Activity (BPEA) is a semi-annual academic conference and journal that pairs rigorous research with real-time policy analysis to address the most urgent economic challenges of the day.

On Thursday, September 24, Brookings will hold its semi-annual academic conference to discuss new research on COVID-19’s current and future impact on the economy. This year’s fall conference will cover issues of epidemiology and economics, business effects and job losses in the COVID-19 crisis, state and local public finance, and monetary and international issues. While BPEA conferences are usually small, invitation-only gatherings, Brookings is opening its proceedings to anyone who wishes to observe the vanguard of economic thought around urgent public health and the global economic issues.

Download conference agenda here.


Session One: Monetary Issues and Epidemiology

“Business Credit Programs in the Pandemic Era”

Authors: Samuel G. Hanson, Harvard University; Jeremy C. Stein, Harvard University; Adi Sunderam, Harvard University; and Eric Zwick, University of Chicago

Paper summary

“Epidemiological and Economic Effects of Lockdown”

Authors: Alex Arnon, University of Pennsylvania; John Ricco, University of Pennsylvania; and Kent Smetters, University of Pennsylvania

Paper summary

Session Two: Epidemiology Across Countries and Labor Markets

“Macroeconomic Outcomes and COVID-19: A Progress Report”

Authors: Jesús Fernández-Villaverde, University of Pennsylvania; and Charles I. Jones, Stanford University

Paper summary

“Temporary Unemployment and Labor Market Dynamics During the COVID-19 Recession” 

Authors: Jessica Gallant, University of Toronto; Kory Kroft, University of Toronto; Fabian Lange, McGill University; and Matthew J. Notowidigdo, University of Chicago

Paper summary


Gabriel Chodorow-Reich

Assistant Professor - Harvard University

Faculty Research Fellow - National Bureau of Economic Research

Session Three: Fiscal Policy and International


“Fiscal Effects of COVID-19”

Authors: Alan J. Auerbach, University of California, Berkeley; William Gale, Brookings Institution; Byron Lutz, Federal Reserve Board; and Louise Sheiner, Brookings Institution

 Paper summary

“Will the Secular Decline in Exchange Rate and Inflation Volatility Survive COVID-19?”

Authors: Ethan Ilzetzki, London School of Economics; Carmen M. Reinhart, The World Bank; and Kenneth S. Rogoff, Harvard University

Paper summary

Session Four: Business Dynamics and Policy

“Has the Paycheck Protection Program Succeeded?”

Authors: Glenn Hubbard, Columbia University; and Michael R. Strain, American Enterprise Institute

Paper summary

“Sizing Up Corporate Restructuring in the COVID Crisis”

Authors: Robin Greenwood, Harvard University; Ben Iverson, Brigham Young University; and David Thesmar, Massachusetts Institute of Technology

Paper summary



Eric Zwick

Associate Professor of Finance and FAMA Faculty Fellow - University of Chicago

More Information

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