This Finance survey examines (a) The impact of the Covid-19 pandemic on working and shopping habits has not been fully priced into current private valuations of downtown commercial properties in major cities; (b) A continued fall in commercial real estate valuations would trigger another round of banking panic
Keyword: COVID-19
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The pandemic has led to a big shift to working from home among people in occupations where it is possible for the jobs or some part of them to be done remotely. There has been much debate about the extent to which such forms of working (or a hybrid model, with some hours done at home and some on business premises) will continue over the longer term. Key questions include the potential impact on employees’ productivity and their job satisfaction, and whether the career trajectories of women and men may be affected differently by a substantial increase in working from home.
The pandemic has led to a big shift to working from home among people in occupations where it is possible for the jobs or some part of them to be done remotely. There has been much debate about the extent to which such forms of working (or a hybrid model, with some hours done at home and some on business premises) will continue over the longer term. Key questions include the potential impact on employees’ productivity and their job satisfaction, and whether the career trajectories of women and men may be affected differently by a substantial increase in working from home.
With the emergence of a new strain of the virus that causes Covid-19 re-opening debates about the economic impact of the pandemic, the success of efforts to achieve global distribution of vaccines and the value of travel bans, we invited our panels to express their views on these issues. In early December, we asked the experts whether they agreed or disagreed with the following statements, and, if so, how strongly and with what degree of confidence:
With the emergence of a new strain of the virus that causes Covid-19 re-opening debates about the economic impact of the pandemic, the success of efforts to achieve global distribution of vaccines and the value of travel bans, we invited our panels to express their views on these issues. In early December, we asked the experts whether they agreed or disagreed with the following statements, and, if so, how strongly and with what degree of confidence:
Following the Biden administration’s announcement of its intention to require that anyone at a firm with more than 100 employees or in the federal workforce be vaccinated or tested regularly, we invited our US panel to express their views on the likely economic impact of the vaccine mandate. We asked the experts whether they agree or disagree with the following statement, and, if so, how strongly and with what degree of confidence:
There is much debate about whether the patents on Covid-19 vaccines should be waived to allow low-income countries to produce doses for themselves. We invited both our European and US panels to express their views on this issue and the broader challenges of vaccinating the world.
There is much debate about whether the patents on Covid-19 vaccines should be waived to allow low-income countries to produce doses for themselves. We invited both our European and US panels to express their views on this issue and the broader challenges of vaccinating the world.
This week's European Economic Experts Panel statements:
A) Removing intellectual property protections on Covid-19 vaccines would substantially improve availability of the vaccines in developing countries.
B) Removing intellectual property protections on Covid-19 vaccines would have a negative impact on vaccine development efforts for future variants of SARS-CoV-2 or for the next pandemic.
C) Without an international agreement that facilitates vaccine trade, countries’ incentives to limit exports of vaccines and/or key production inputs are likely to prolong the adverse effects of the pandemic in advanced countries.
This week's US Economic Experts Panel statements:
A) Removing intellectual property protections on Covid-19 vaccines would substantially improve availability of the vaccines in developing countries.
B) Removing intellectual property protections on Covid-19 vaccines would have a negative impact on vaccine development efforts for future variants of SARS-CoV-2 or for the next pandemic.
C) Without an international agreement that facilitates vaccine trade, countries’ incentives to limit exports of vaccines and/or key production inputs are likely to prolong the adverse effects of the pandemic in advanced countries.
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