Sunday, March 22, 2020
In today’s post, I wanted to call BLPB readers’ attention to two blog posts related to current events that I've found helpful.
First, a few weeks ago, I was really excited to learn that Psychology Today had asked my OU management colleague Dr. Mark Bolino, the Michael F. Price Chair in International Business, to start blogging for them. He recently posted, Managing Employee Stress and Anxiety During the Coronavirus: Some practical, evidence-based advice for managers (here). Although the post’s target audience is likely business managers, I think its wisdom is applicable to a wide variety of work environments.
Second, University of Chicago Booth’s Initiative on Global Markets (IGM) has a Forum (here) on COVID-19 that’s definitely worth checking out. IGM Directors have also posted “Economic Policy Principles for Combating the Covid-19 Crisis” (here). A summary paragraph from this insightful document is below. Thanks to Professor Kathryn Judge for bringing the site to my attention!
We organize our discussion around three pillars. First, following the advice of medical experts, we must do all we can to spread out the number of infections over time, or “flatten the curve.” Second, policies should facilitate production and decision-making in a temporarily socially distanced world. Third, we should prepare to make the post-virus recovery as rapid as possible. Even though these three aspects of the policy response will play out in sequence, policymakers should start acting on all three now.