Global Economic Outlook

Why would oil producers continue to pump oil despite an excess supply globally and a shortage in storage space? Darden Professors Elena Loutskina and Daniel Murphy examine how oil prices went negative (and could again), collateralized debt and oil producers’ relationships with lenders, and broader implications for the oil market.

Nicholas Sargen, a lecturer at the University of Virginia Darden School of Business and economic consultant, offered his thoughts on how the election outcome could affect the economy.

With President DonaldTrump testing positive for COVID-19 positive, Darden lecturer Nick Sargen considers implications for the economy and the market.

Fiscal policy is a powerful tool to combat economic downturns, but the results depend on decreasing inequality, an imperative to the efficacy of fiscal multipliers. As COVID-19 cases rise, new research offers insights into which fiscal policies may bolster the economy — and the other options, which may have long-term ramifications.

Increasing urbanization can prove challenging in the era of COVID-19 social distancing, particularly given the dependence on essential services and the unique health concerns of high-population density. A new study clarifies the tradeoffs between city and suburban patterns of consumption and how different areas fulfill essential daily functions.

The financial statements and supporting disclosures required of public companies have the reputation for being dense, impenetrable documents. But when you reach the point you can “read” the story behind the numbers, you can understand a company’s strategy and its trajectory — not only where it has been, but, potentially, where it is headed.

Does fiscal stimulus raise interest rates and tighten credit markets, as theoretical models of the macroeconmy predict? New research shows what the real effect of government spending is on the U.S. economy — and what high levels of inequality have to do with the interest rate response to fiscal stimulus.

What can we expect across global financial markets following the COVID-19 crisis? UVA Darden Professor Marc Lipson and guest Cornell S.C. Johnson Professor Andrew Karolyi discuss international and domestic listings, financial versus real business cycles, and both short-term and long-term implications of de-risking.

The coronavirus pandemic has devastated large portions of the global economy and spurred an enormous government response to stem the fallout. Darden Professor Kinda Hachem considers the state of the U.S. economy and the extraordinary efforts underway to prevent further collapse.

Shadow banking is on the rise in China. This begs some important questions. Among them: Why? How is the shadow banking scene different in China vs. the U.S.? Do government regulations do what they intend to? Given the nature of shadow banking and the importance of the Chinese economy to the global economy, the situation bears examination.