Summers: Micro-Targeted Stimulus Not Enough, Recession More Likely Than Not

The transcript discusses the debate on fiscal intervention strategies, weighing broad-based approaches like payroll tax relief against micro-targeted measures such as sick pay. It emphasizes the need for both micro and macro economic strategies, especially in light of current market performance and future economic outlook. The discussion highlights the necessity of macro stimulus and international policy coordination to address economic challenges. The likelihood of a recession in the United States is also considered, with a consensus that it is more probable than not.

What are some of the important questions to debate regarding macro stimulus?

• Payments to households

• Payments to firms

• Credit to firms

• All of the above

According to the text, what is the likelihood of a recession in the United States?