Nobel Perspectives: On a post COVID-19 world

Professor Eric Maskin provides insights on the themes emerging from the pandemic including vaccine rollout, inequality and climate change.

04 Mar 2021

As part of the UBS Nobel Perspectives program, our webinar series allows you to ask your questions directly to Nobel Laureates in Economic Sciences.

UBS Nobel Perspectives cuts through the noise, addresses the questions shaping our world, and holds the largest content library of Nobel Laureate interviews.

Professor Eric Maskin won the Nobel Prize in Economics Sciences in 2007 for laying the foundations of mechanism design theory. Maskin is the Adams University Professor and Professor of Economics and Mathematics at Harvard University. He is an expert in the field of microeconomics and has made contributions to game theory, contract theory, social choice theory and other areas of economics. He joined Evan Brown, Head of Multi-Asset Strategy in the Investment Solutions team at UBS Asset Management, in a webinar to discuss the implications of the COVID-19 pandemic on vaccine rollout, inequality, climate change and the broader global economy.

Key webinar takeaways

  • Fiscal stimulus is essential for rebuilding the economy but it would be most effective if deployed after lockdown restrictions have been lifted
  • Mechanism design is a powerful tool for creating a market where a shortage of products exist
  • The key to reducing income inequality caused by the digital acceleration is to improve education and retrain less-skilled workers
  • We can learn from the past where international coordination solved environmental and social issues
  • To address climate change we need to design an international treaty where countries are required to reduce carbon emissions with the imposition of penalties and sanctions
  • We are now in a better position to prevent a financial crisis because regulatory frameworks have limited bank leverage

The world in the grasp of COVID-19

The key themes of the century

Audience Q&A