Labor economist Edward P. Lazear, an independent director on the boards of Dimensional's US Mutual funds, discusses what policymakers are monitoring with COVID-19, how monetary authorities are responding, and what the global recovery may look like.
Prof. Lazear teaches at Stanford University’s Graduate School of Business. As chairman of the Council of Economic Advisers under President George W. Bush from 2006 to 2009, he helped guide the US policy response to the financial crisis. Recorded on April 2, 2020.
Recording Time Stamps (3:15) Current economic indicator: Unemployment (5:51) Are we in a recession? (8:00) Statistics and their impact on economic policy (13:27) Economic recovery (23:07) Liquidity package and impact on small businesses (26:45) Monetary policy: next 6 – 12 months (35:05) Potential enhancements to the liquidity package (42:30) Will we have enough supply in recovery? Will we be in an inflationary period?