With a decade of low interest rates, low growth and low inflation leaving central banks in advanced economies unable to perform their traditional role of supporting the economy during a downturn, fiscal policy must step up and play the leading role this time around. This changes radically how we should think about the role of government in a crisis and demands a new approach to macroeconomic policy in good times as well as bad. In this webinar, Emeritus Fellow Simon Wren-Lewis will present his assessment of countries’ fiscal policy responses so far, and where they might be heading as we move into the next phase of the crisis, followed by Bloomberg’s Stephanie Flanders. Viewers are able to submit questions to the panel before and during the event. The Resolution Foundation and the Money, Macro and Finance Society are co-hosting a series of webinars to dive into the big economic challenges thrown up by COVID-19. To view the other events in the Economic Challenges Series please click here.
