The COVID-19 crisis has walloped the world economy. Fear of infection prevented consumers from engaging in face-to-face transactions. Uncertainty restricted investment. Lockdowns reduced output in many regions. How do policies that restrict production in one region affect downstream firms in other regions? Have supply chain disruptions magnified the impact of the coronavirus shock? Is there a role for policy coordination across regions and countries that are linked via value chains? How can we understand the relative performance of different sectors and economies during the pandemic? This workshop marshals evidence from Europe and East Asia to address these and other issues. It then draws policy implications from the findings.
- Time and Date: 4:00pm-6:15pm (Tokyo) / 9:00am-11:15am (Paris), July 12, 2021
- Venue: Online (Webex)
- Language: English
- Admission: Free
- Hosts: Fondation France Japon (FFJ) / Research Institute of Economy, Trade and Industry (RIETI) / Banque de France (BdF)
- Contact: Mr. Fabien Michel (FFJ)
- E-mail: firstname.lastname@example.org
16:00 - 16:15 Tokyo time (9:00 - 9:15 Paris time)
Sebastien LECHEVALIER (Professor, School of Advanced Studies in Social Sciences, Paris and President, Fondation France-Japon)
WATANABE Tetsuya (Vice President, Research Institute of Economy, Trade and Industry)
Bruno CABRILLAC (Deputy Director General, Banque de France)
16:15 - 16:40 Tokyo time (9:15 - 9:40 Paris time)
"Supply Chains and the Economic Effects of Lockdowns."
INOUE Hiroyasu (University of Hyogo)
MURASE Yohsuke (RIKEN Advanced Institute of Computational Science)
TODO Yasuyuki (Waseda University and Research Institute of Economy, Trade and Industry)
16:40 - 17:05 Tokyo time (9:40 - 10:05 Paris time)
"Regional Economic Impact of COVID-19: The role of sectoral structure and trade linkages."
Philipp MEINEN (European Central Bank)
Roberta SERAFINI (European Central Bank)
Ottavia PAPAGALLI (Scuola Superiore Sant' Anna)
17:05 - 17:30 Tokyo time (10:05 - 10:30 Paris time)
"How COVID-19 Is Affecting Supply Chains and Economies in East Asia and Europe: Evidence from the Stock Market."
Willem THORBECKE (Fondation France-Japon and Research Institute of Economy, Trade and Industry)
17:30 - 17:55 Tokyo time (10:30 - 10:55 Paris time)
"Why Did the “Covid Shock” Have Differential Economic Effects across Countries in 2020?"
Nicolas CHATELAIS (Banque de France)