The COVID-19 pandemic posed an extraordinary threat to the economy. In the U.S., the COVID-19 downturn was sharp, but the ensuing economic recovery was faster and stronger than nearly any forecaster anticipated. What was the effect of the economic policy response? Did it come with trade-offs? On the first episode of the Recession Remedies podcast, Jason Furman, Aetna Professor of the Practice of Economic Policy at Harvard University, and Wendy Edelberg, senior fellow and director of The Hamilton Project at Brookings, join host David Wessel for an overview of the economic policy response and the lessons learned for future recessions.
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