Beyond CARES: Economist Glenn Hubbard on Government Response to COVID-19
Hubbard asks: Can we design a more effective plan, in case of a next time?
Overall, Dean Emeritus Glenn Hubbard has been pleased with the government response to the economic crisis caused by the COVID-19 pandemic, noting the speed with which Congress and the administration passed the CARES Act.
On this episode of Bizcast, however, Hubbard, the Russell L. Carson Professor of Finance and Economics and faculty director of the Chazen Institute for Global Business, offers a critique of the implementation of relief efforts by the Small Business Administration and Department of the Treasury.
“Rather than pointing fingers though,” Hubbard says, “can we design something more effective so that we can just turn the switch on, if there is a next time?
Hubbard also shares his views on funding state governments, tax reforms after the pandemic, and the future of international relationships in the aftermath of COVID-19.
You can find more of Professor Hubbard’s thoughts on the economic impact of the pandemic here: his conversation with Nobel laureate Joseph Stiglitz; his interview with Neil Irwin ‘08 of The New York Times; his discussion on the role of political economywith professors Tano Santos and Ray Horton; and his panel with Japanese Minster Takeshi Komoto and Keiko Tashiro, deputy president of Daiwa Securities Group on the implications of COVID-19 on the US and Japanese economies.
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