Dealing with the coronavirus shock

We entered this year with the view that there wouldn’t be an economic downturn in 2020. No one could have predicted the global pandemic that would come just a couple of months later. But one prediction we made has held true: our view was that when the next downturn hit, it would require policy coordination between central banks and governments to help the economy stay afloat. Jean Boivin, Head of the BlackRock Investment Institute, talks about how monetary and fiscal policymakers have come together in response to the coronavirus crisis.