A weekly podcast on key economic issues, hosted by EconoFact’s Executive Editor Michael Klein. EconoFact is a non-partisan publication designed to bring key facts and incisive analysis to the national debate on economic and social policies. It is published by the Edward R. Murrow Center for a Digital World at The Fletcher School at Tufts University.
Jay Shambaugh on Inflation
The high and rising inflation of the 1970s caused widespread economic insecurity, raised fundamental questions about the government's ability to manage the economy, and caused macro-economists to doubt many of their theories. Now, as inflation rises after a decades-long lull, economists and policy-makers are faced with a key question: is the current rise in prices transitory; driven by supply chain issues and COVID stimulus spending, or are we likely to see a more sustained increase in prices?
This week on EconoFact Chats, Jay Shambaugh of George Washington University joins Michael Klein to discuss the prospects for ongoing inflation, and the ways in which inflation affects your economic well-being.
Nora Gordon on the Disruptions to Education in the Wake of COVID-19
The move to remote learning in high schools and kindergartens has proved among the more pervasive disruptions of COVID-19. Hardest hit have been those without access to technology, or adequate places to do schoolwork at home -- a group in which low-income students and students of color are overrepresented. While the government has made resources available to school districts to address learning disruptions, questions of how to best deploy these monies remain. Nora Gordon, among the country's leading experts on education policy and finance, joins EconoFact Chats to discuss policy responses to learning loss in the wake of COVID-19.
James Stock on Climate Change, Carbon Taxes, and Techno-Optimism
James Stock, professor at Harvard University, and a former member of the Council of Economic Advisers joins EconoFact Chats this week to discuss the role of economic policy in slowing climate change. Jim argues that declining green energy prices are leading to a fundamental shift in the economic thinking around climate policy -- with the key question no longer 'how can we make it more expensive to pollute?' but rather 'how can we accelerate the date at which it becomes cheaper to be green?' Whether we arrive at a low-cost green future is far from given. But as Jim highlights, whether we get there, and how quickly, hinges on sound policy.
Julia Coronado on a U.S. Economy Roaring Back from Recession
Julia Coronado, president and founder of MacroPolicy Perspectives, joins EconoFact Chats this week to describe how she and her team organize their thinking and analysis of the U.S. economy at a time when the pandemic has disrupted the conventional models and rules of thumb that forecasters traditionally use. She discusses how the unprecedented federal financial support provided to many households could mean that we are less likely to see some of the lingering negative effects that have persisted after previous downturns. At the same time, Julia notes that other changes brought about by the pandemic may prove more lasting, bringing about shifts in the composition of the labor force, worker productivity, and consumer preferences.
The podcast concludes with Julia reflecting on her experiences as a woman in a field traditionally dominated by men.
Eduardo Porter on Racial Hostility in Modern America (Re-broadcast)
In the second episode of EconoFact Chats, New York Times economics reporter, and EconoFact Board Member Eduardo Porter speaks with EconoFact's Michael Klein about his new book, 'American Poison: How Racial Hostility Destroyed Our Promise' – a timely subject in light of the recent widespread protests about systemic racism across the U.S.
Employment in the Post-COVID-19 Economy
Former Chairman of the Council of Economic Advisers (CEA) under President Obama, Jason Furman joins EconoFact Chats this week to discuss the economy’s emergence from the COVID-19 recession. Even as widespread vaccination spurs economic recovery, Furman highlights that challenges remain––notably, the current shortfall of nearly 7.6 million jobs, as compared to February 2020, and the possibility of long-run adverse effects for workers just entering the labor force. He also considers the prospects for higher ongoing inflation and the challenges that would present.
Furman concludes the discussion by reflecting on his experiences at the CEA.
EconoFact Chats gives you a chance to hear from economists and other experts on relevant socioeconomic issues. I love the conversation style of the podcast and the non-partisan, fact-based approach.