Nobel Laureate Romer: Cost of Pandemic Is Not Yet Apparent

The video discusses the economic challenges faced by the US, focusing on uncertainty, stimulus measures, and the labor market. It compares the US and Europe's responses to the pandemic, highlighting Europe's potential advantages. The discussion also covers consumer spending, payroll protection, and the risks of debt and inflation.

What are the challenges of providing direct financial assistance to individuals versus firms?

How does the current economic situation affect consumer spending behavior?

What are the potential long-term effects of the pandemic on government trust and economic policy?

How can automatic stabilizers improve economic confidence during crises?