Expert Pitch
Florida State University

FSU professors available to comment on economic impact of coronavirus

6-Mar-2020 2:45 PM EST, by Florida State University

By: Mark Blackwell Thomas | Published: | 2:48 pm |  

As the coronavirus disease 2019 —or COVID-19— continues to spread, it disrupts world markets, supply chains and entire economies. As of March 5, nearly 100,000 people were confirmed infected and more than 3,000 deaths attributed to the disease.

The spread of coronavirus continues to create instability on a global scale. Given this changing landscape and its far-reaching implications, precise analysis and clear context are essential. Experts at Florida State University are ready to provide media with perspective and insights to help them fully understand and convey the consequences of coronavirus from the macro to micro levels.

Manoj Atolia, Bernard F. Sliger Professor of Economics, Department Chair

Atolia’s studies include development and international economics with an emphasis on the analysis of economic reforms and government policy in developing countries.

“I am an expert on macroeconomics and international economics and can address coronavirus’s implications for macroeconomic outcomes for the U.S. and for international trade and capital flows.”

April Knill, SunTrust Associate Professor of Finance, College of Business

Knill’s areas of expertise include international finance, politics and finance, law and entrepreneurship.

“The impact of the coronavirus on the economy is poised to be significant. The extent and the severity of the virus is still unknown. As such, employers are meeting coronavirus ‘with an abundance of caution’ through responses such as recommending employees stay home and limit travel, all of which can hurt workplace productivity. Consumers are limiting their exposure by avoiding stores or public gatherings, which affects aggregate demand. The full impact is yet to be realized but the Federal Reserve’s emergency rate cut is telling, as is the reaction of stock markets, the main indices of which have fallen more than 4 percent (as of March 4th). Only time will tell, but the country is bracing itself.”

 Nathaniel Line, associate professor, Dedman School of Hospitality

Line’s research experience includes demand shocks in the lodging industry and marketing environment, hospitality and tourism management and hospitality marketing.

“The impact of COVID-19 on the hospitality industry in the U.S. will ultimately depend on the extent and duration of the outbreak. The effects of the virus and subsequent responses by hospitality organizations will vary widely depending not only on the industry, such as lodging, restaurants and cruise lines, but also on market dynamics at the destination level. In the end, the real pathogen is not the virus itself, but the fear of the virus. The ultimate economic effects will depend on the ability of governments and public health organizations to contain and treat both.”

Larry Giunipero, professor, College of Business

Giunipero’s academic specialty is supply chain management and purchasing. His work also focuses on strategic sourcing, supply chain risk, global sourcing and technology applications.

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