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Whatever it takes: The macroeconomic response to COVID-19

Coronavirus has caused an unprecedented economic collapse in advanced economies. The response of central banks and ministries of finance has been equally remarkable in scale and rapidity, but has it been effective? If not, what kinds of macroeconomic response are appropriate when supply and demand must be restrained at least in the short to medium-term? Longer-term questions are also emerging around debt sustainability, the threat of both deflation and inflation and the opportunities for creating a more sustainable and inclusive post-COVID-19 economy. In this webinar leading experts Stephanie Kelton, Jan Kregel and Josh Ryan-Collins explores these issues with a focus on the U.S. and European economies.

Watch the lecture

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About the speakers

Stephanie Kelton

Stephanie Kelton is a Professor of Economics and Public Policy at Stony Brook University. She is a leading expert on Modern Monetary Theory and a former Chief Economist on the U.S. Senate Budget Committee (Democratic staff).

Jan Kregel

Jan Kregel is director of research at the Levy Economics Institute, director of the Levy Institute master’s program in economic theory and policy, and head of the Institute’s Monetary Policy and Financial Structure program. He also holds the position of professor of development finance at Tallinn University of Technology.