The Covid-19 pandemic continues to take a massive toll on the U.S. economy, causing widespread job loss and suffering. Congress and the Federal Reserve have moved quickly to respond with trillions of dollars of support, and the Democratic House last week passed another stimulus bill for a staggering $3 trillion. As governments around the world spend money to support businesses and workers, there is a critically important conversation to be had about how we spend that money and whether it is possible to not just get the economy back on its feet, but build a cleaner economy too and make investments today that will help to advance the clean energy transition.
In this edition of Columbia Energy Exchange, host Jason Bordoff is joined by Jason Furman to hear about how the progressive economic policy community thinks about greening economic recovery. From an economic standpoint, what needs to be done to rebuild the economy, what are the criteria for smart stimulus policies, and how might other social objectives like climate change be considered through that lens.
Jason is Professor of the Practice of Economic Policy at Harvard Kennedy School. He is also nonresident senior fellow at the Peterson Institute for International Economics. Previously, he served for eight years as a top economic advisor to President Obama, including as his chair of the Council of Economic Advisers. He also worked at the Brookings Institution, where he worked with Jason Bordoff, and was a Director of the Hamilton Project and Senior Fellow. He holds a Ph.D. in economics from Harvard University.