Fiscal stabilizers are crucial

For all the focus on central banks to step in and fight the next downturn, there are tools outside of monetary policy that could be employed. In this Alphachat Podcast, I talk to Jay Shambaugh about fiscal stabilizers and why we should focus on establishing them now while times are good: https://www.ft.com/content/92dea877-1c35-4a98-b24f-9fb8b4d122ec

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