Jay Shambaugh quoted in the Financial Times article, “Trumps Executive Orders Provide Little Money for Jobless”
“‘The $300m is a rounding error compared to what the previous programme was,’ said Jay Shambaugh, an economics professor at George Washington University who has been tracking the numbers. ‘It’s just a massive hole…’” Read the full article here: Full Article
Read MoreJay 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, …
Read MoreJay Shambaugh quoted in Financial Times article, “Governments puzzle over how to unwind job protection schemes”
“US temporary job losses are declining, pushing the unemployment rate down from 14.7 per cent in April to 10.2 per cent in July. “But on both sides of the Atlantic, the improvements are showing worrying signs of petering out. “’This is slowly morphing into a long-term unemployment problem,’ said Jay …
Read MoreJay Shambaugh quoted in Slate article, “The Extremely Boring Idea That Could Save the Economy”
“We could have avoided this nationwide facepalm if unemployment benefits were designed to rise and fall with the health of the economy, in the first place. ‘Automatic stabilizers prevent you from cutting off things too soon,’ George Washington University professor Jay Shambaugh, who co-edited Recession Ready, and served on Obama’s …
Read MoreJay Shambaugh quoted in Axios article, “The Coronavirus Pandemic Has Already Caused Lasting Economic Damage”
“Between the lines: The Hamilton Project’s Wendy Edelberg and Jay Shambaugh warn ‘widespread bankruptcies could fundamentally change the business landscape,’ leading to a substantial imbalance between companies and workers…” Read the full article here: Full Article
Read MoreJay Shambaugh writes with Wendy Edelberg for Brookings’ The Hamilton Project: “How the Pandemic Is Changing the Economy”
“The COVID-19 public health crisis, the economic shock triggered by the pandemic, and public policy, business, and individual responses to the pandemic together have provoked the sharpest and fastest economic downturn in U.S. history. Both the pandemic and the fiscal policy response have ebbed and flowed, and the economy remains …
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