To protect against the economic effects of the pandemic, the federal government borrowed more than $5 trillion—about 20% of one year’s output—in 2020 and 2021. Now, in 2022, the Federal Reserve is attempting to tamp down inflation. What lessons should we take from this policy experiment? Could a similar response be repeated in future crises? Recession Remedies podcast Host David Wessel explores the coordination between fiscal and monetary policy with Robin Brooks, managing director and chief economist at the Institute of International Finance, and Jonathan Pingle, managing director and chief U.S. economist at UBS.
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Authors
Commentary
PodcastCould the fiscal and monetary policy response to the pandemic be repeated?
Robin Brooks,
Robin Brooks
Managing Director and Chief Economist
- Institute of International Finance
@RobinBrooksIIF
Jonathan Pingle, and
Jonathan Pingle
Managing Director and Chief U.S. Economist
- UBS
David Wessel
David Wessel
Director
- The Hutchins Center on Fiscal and Monetary Policy,
Senior Fellow
- Economic Studies
@davidmwessel
July 5, 2022