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.
Catch up on old episodes in the Bizcast archive.
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.
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.
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."
The COVID-19 pandemic has changed the world of business, while bringing historical inequities and injustice into sharp relief.
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