Renowned labor economist Prof. Edward P. Lazear, teaches at Stanford University’s Graduate School of Business. He is also an independent director on the boards of Dimensional’s US Mutual funds. Here, he discusses what policymakers are monitoring with COVID-19, how monetary authorities are responding, and what the global recovery may look like.
- Could be back to normal in 6 quarters?
- This is a supply-based recession, not a monetary business cycle demand-based recession- pent up demand.
- Capital infrastructure is still there for workers to start back up.
- It is actually liquidity for business survivability and viability, not a activity stimulus.
- Most people want to get back to work and feeling productive.