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?

Columbia Bizcast
Economics & Policy

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.

Subscribe to Bizcast on iTunes, Spotify, Stitcher, or wherever you get your podcasts.

Catch up on old episodes in the Bizcast archive.

More from Bizcast

Columbia Bizcast
Economics & Policy

A World of Hurt: The Impact of COVID-19 on Retail

Director of Retail Studies Mark Cohen offers his view on the changes coming to large retailers, many of which had already seen declining sales and store closures before the pandemic hit.

Logo for the Value Investing with Legends podcast
Economics & Policy

Investing in the Time of the Coronavirus Crisis

Michael Mauboussin discusses the economic impact of the coronavirus pandemic and how to use the expectations infrastructure to analyze companies.

The moon

Mission, Purpose, and Moon-Shooting with Vasiliki Petrou, Group CEO of Unilever Prestige

"Moon shooting is the right way to push the business and the world to a better place than the one we're currently living in."

a globe
Social Impact

Impact Investing and the Future of Flexible Capital

How should investors start considering returns?

Rise to the challenge.

The COVID-19 pandemic has changed the world of business, while bringing historical inequities and injustice into sharp relief.

Subscribe to Leading Through Change to receive the latest insights from Columbia Business School to help you navigate this unprecedented time.