It is great to speak at the LSE this morning, which, along with other universities and research centres in the country, has been leading the social science and policy debate on the Covid-19 pandemic. The scale and nature of the economic shock from Covid have been unlike anything policymakers in this country or in any advanced economy have faced in recent memory. We have had to quickly adapt to a rapidly changing situation, rethinking our assumptions as the data evolved and our understanding improved. That understanding has been guided by interactions with researchers in central banks and universities, who have ... (full story)