At the keynote speech at the 2021 Annual Meeting of the Bay Area Chapter, Prof. Maggiori  discusses the impact of the COVID-19 pandemic on global economics. He examines how the pandemic has disrupted global capital flows, challenged financial stability, and led to unprecedented government interventions. Maggiori highlights how the crisis has accelerated certain trends, such as digitalization and the rethinking of global supply chains, while also exacerbating existing economic inequalities. His analysis provides insights into how policymakers can navigate the post-pandemic economic landscape and ensure sustainable recovery.