When the next recession comes, and it certainly will, how will policymakers respond? In a new volume of policy proposals from the Hamilton Project at Brookings and the Washington Center for Equitable Growth, a group of experts propose new and updated antirecession solutions to boost the economy and save jobs. These ideas center on the concept of automatic stabilizers, which are simply policy responses that trigger when a crisis is starting, and when policymakers may be too overwhelmed by the crisis to respond.
On this episode, Jay Shambaugh—a senior fellow at Brookings and director of the Hamilton Project—and Heather Boushey—executive director and chief economist of the Washington Center for Equitable Growth—address these policy proposals.
Also on today’s show, Senior Fellow Molly Reynolds discusses what steps the House of Representatives would have to take in any impeachment process, and also other business that Congress is pursuing, including a budget deal.
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Authors
Commentary
PodcastPreparing for the next recession
Jay Shambaugh,
Jay Shambaugh
Under Secretary for International Affairs
- U.S. Department of the Treasury
@JayCShambaugh
Heather Boushey, and
Heather Boushey
Member, Council of Economic Advisers
- The White House
@hboushey46
Fred Dews
Fred Dews
Managing Editor, New Digital Products
- Office of Communications
@publichistory
May 24, 2019