HKS Affiliated Authors

Frank and Denie Weil Director of the Mossavar-Rahmani Center for Business and Government
Charles W. Eliot University Professor

Excerpt

May 30, 2023, Video: "Lawrence H. Summers, Charles W. Eliot University Professor and President Emeritus of Harvard University, delivers the keynote speech "Fiscal stimulus and stability after the response to COVID" for the opening of the conference "Rethinking fiscal policy—global perspectives," cohosted by the Peterson Institute for International Economics (PIIE) and the International Monetary Fund (IMF). Governments across the world broke new ground with their interventions to limit the economic fallout from the COVID-19 pandemic. Measures to help people and firms stay afloat were quick, impactful, and often innovative, in countries at all levels of economic and financial development. But evaluation of those interventions is needed to best target future support, limit unnecessary spending, and monitor and manage lingering fiscal risks. The pandemic led to a rethinking of the role of government during crises, but also under normal economic conditions." Watch Via PIIE