Jay Shambaugh quoted in the Financial Times ​article, “‘Difficult Decisions’ Ahead as UK Public Debt Tops Record £2tn”

Jay Shambaugh quoted in the Financial Times ​article, “‘Difficult Decisions’ Ahead as UK Public Debt Tops Record £2tn”

“A fresh surge in coronavirus cases is putting pressure on governments on both sides of the Atlantic to maintain emergency labour market support mechanisms at a time when politicians had hoped their economies would be gradually returning to normal. ‘This is slowly morphing into long-term unemployment problem,’ said Jay Shambaugh, a fellow at the Brookings Institution…”

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