Business Daily Folgen

As much of Italy goes into self-imposed quarantine, what can the authorities do to stop empty shops and restaurants going bust?It's an urgent question for Marco d'Arrigo, who runs the California Bakery chain in Milan, who has spent his day reassuring nervous staff at their eerily empty branches.Nations facing spiralling coronavirus cases and to need to lock down entire cities, do have macroeconomic tools at their disposal. But in Italy's case, those tools are not entirely in Rome's hands. Ed Butler speaks to Francesco Giavazzi, economics professor at Bocconi University, and to Ferdinando Giugliano, economics columnist for Bloomberg Opinion, both of whom have confined themselves to their Milanese homes.Plus what crisis-management lessons can governments draw from the experience of the US during the 2008 financial crisis? Ed speaks to someone who was at the epicentre - former deputy secretary to the US Treasury Sarah Bloom Raskin.Producer: Laurence Knight(Picture: An Italian State Police officer and a soldier stand guard at a checkpoint at Milano Centrale train station; Credit: Emanuele Cremaschi/Getty Images)

How the spread of coronavirus is changing consumer behaviour. Elizabeth Hotson goes on the hunt for toilet paper and hand sanitizer on the streets of London. Ed Butler speaks to Charlene Chan, marketing researcher and consumer psychology researcher at Nanyang School of Business in Singapore about how feeling a loss of control influences our buying behaviour. Steven Taylor, a clinical psychologist at the University of British Columbia in Canada, tells us what panic buying says about the psychology of pandemics.(Photo: Shoppers stock up on toilet paper and other supplies as Canadians purchase food and essential items in Markham, Ontario, Canada. Credit: Getty Images)

How to predict the future and beat the wisdom of the crowds. Manuela Saragosa speaks to Warren Hatch, chief executive of Good Judgement, a consultancy that specialises in superforecasters - individuals with a knack for predicting future events - and the techniques they use to make their guesses. We also hear from Andreas Katsouris from PredictIt, a political betting platform that harnesses the wisdom of the crowds in making predictions about politics.Producer: Laurence Knight(Photo: a crystal ball, Credit: Getty Images)