In addition to the public health and economic crises wrought by COVID-19, record government debts and long-term uncertainty will soon become pressing issues. The federal government has used fiscal and monetary policy tools to address the immediate damage from the pandemic. As debts mount and central banks take a more active role in managing the crisis economy, what will the future hold for American fiscal policy and financial markets?
There is no consensus about what the spending priorities should be as the economy recovers and what, if anything, must be done about the debt. How worried should we be about a potential debt crisis, and how much debt will fixed-income markets absorb before interest rates increase?
For a discussion of debts, fiscal policy, and the future of financial markets in the aftermath of today’s crises, please join us for an expert panel featuring John Cochrane of the Hoover Institution, Raghuram Rajan of Chicago Booth, and Simon Johnson of MIT Sloan, moderated by Allison Schrager of the Manhattan Institute.