Mohamed A El-Erian: Fearless approach is needed post Covid-19

The Fearless Girl statue in front of the New York Stock Exchange. As the coronavirus devastates economies across the globe, the response needed will be both novel and inevitably costly. Picture: AP/Mark Lennihan

With the coronavirus devastating one economy after another, the economics profession — and thus the analytical underpinnings for sound policymaking and crisis management — is having to play catch-up, writes Mohamed A El-Erian

Of particular concern now are the economics of viral contagion, of fear, and of “circuit breakers.” The more that economic thinking advances to meet changing realities, the better will be the analysis that informs the policy response.