Could the fiscal and monetary policy response to the pandemic be repeated?

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.

Could the fiscal and monetary policy response to the pandemic be repeated?

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Could the fiscal and monetary policy response to the pandemic be repeated?

Robin Brooks, Robin Brooks @robin_j_brooks 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

Robin Brooks, Jonathan Pingle, and David Wessel