Gita Gopinath on the great lockdown through the global lens of the IMF

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On Friday, May 29 at 12:30 PM ET, Gita Gopinath joined the Princeton Bendheim Center for Finance to discuss the IMF’s perspective on COVID-19. Gopinath is the Chief Economist of the International Monetary Fund (IMF) and a Professor of International Studies and Economics at Harvard University. The webinar began with introductions by Markus Brunnermeier, Director of Princeton's Bendheim Center for Finance.

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Markus Brunnermeier introduction: 0:00
Gopinath presentation begins: 19:48
Truly global crisis: 21:47
Global health shock: 22:00
Global lockdown: 24:32
A multi-faceted external shock: 26:38
Deeper and broader than the global financial crisis: 28:38
Common features of economic impact: 32:56
Uniquely large hit to services: 33:27
A worldwide drop in services: 36:08
Large supply shocks, muted inflation: 39:24
Financial markets: disconnect? 42:08
Change in sovereign bond spreads: 43:38
Exchange rate movements: 44:42
Monetary policy: Accommodative across the board: 45:31
Fiscal Policy: 46:47
Multilateralism: 51:08
Next Steps: 53:24
Profound uncertainty about the recovery: 55:05
Policies for the re-opening phase: 56:07
Audience Q&A: 1:02:20
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