Recession Remedies

• Is the US ready for the next recession?

  The final episode of the Recession Remedies podcast sums up lessons learned from the COVID-19 downturn and looks ahead. How does rising inflation factor in to the assessment of the economic policy response? What lessons should, and should not, be taken from the pandemic to the next economic crisis? Host David Wessel is joined by Wendy Edelberg and Louise Sheiner. The three are senior fellows at Brookings and co-editors of the book "Recession Remedies: Lessons Learned from the U.S. Economic Policy Response to COVID-19." Show notes and transcript: https://brook.gs/3RA3zvL  Recession Remedies podcast is part of the Brookings Podcast Network. Subscribe and listen on Apple, Spotify, Google, or wherever you listen to podcasts. Send feedback email to [email protected], and follow and tweet at @policypodcasts on Twitter.

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• How did COVID-19 demonstrate the value of nontraditional data?

  Data collection has exploded over the last decade. These new sources of nontraditional data—for example, credit card transactions and restaurant reservations—can help to fill gaps in traditional datasets by offering policymakers more timely or granular information. How were nontraditional data used during COVID-19? What are the benefits and potential pitfalls of using it in future crises? On this episode, hear from Laura J. Feiveson, chief of the Household and Business Spending Section in the Board of Governors of the Federal Reserve System's Division of Research and Statistics.  Dr. Feiveson's audio comes from an interview recorded in April 2022. Show notes and transcript: https://brook.gs/3RrH3oG  Recession Remedies podcast is part of the Brookings Podcast Network. Subscribe and listen on Apple, Spotify, Google, or wherever you listen to podcasts. Send feedback email to [email protected], and follow and tweet at @policypodcasts on Twitter.

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• 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. Show notes and transcript: https://brook.gs/3OOQUTy  Recession Remedies podcast is part of the Brookings Podcast Network. Subscribe and listen on Apple, Spotify, Google, or wherever you listen to podcasts. Send feedback email to [email protected], and follow and tweet at @policypodcasts on Twitter.

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• How did economic policy affect children's well-being during COVID-19?

  Economic shocks can have outsized effects on children, interrupting their growth and development. How well did policy buffer households with children from the economic consequences of the COVID-19 downturn? How did changes in areas like childcare, food and nutrition, and health insurance affect children's well-being? On this episode, host David Wessel is joined by Anna Aizer, professor at Brown University and co-director of the National Bureau of Economic Research Program on Children, and Claudia Persico, assistant professor at American University. Show notes and transcript: https://brook.gs/3yhtJLd  Recession Remedies podcast is part of the Brookings Podcast Network. Subscribe and listen on Apple, Spotify, Google, or wherever you listen to podcasts. Send feedback email to [email protected], and follow and tweet at @policypodcasts on Twitter.

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• What was unexpected about the state and local sector during COVID-19?

  The COVID-19 pandemic posed a particular dilemma to state and local governments. The federal government provided close to $1 trillion to state and local governments to help them meet this dilemma—far more than the roughly $275 billion provided during the Great Recession. But something unexpected happened. On this episode, Brookings Senior Fellow Louise Sheiner joins host David Wessel to discuss what the last couple of years can teach us about state and local governments during recessions. Show notes and transcript: https://brook.gs/3HvqzYr  Recession Remedies podcast is part of the Brookings Podcast Network. Subscribe and listen on Apple, Spotify, Google, or wherever you listen to podcasts. Send feedback email to [email protected], and follow and tweet at @policypodcasts on Twitter.

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