Archive for the ‘recession’ Tag

Negative Oil   Leave a comment

Link: https://www.npr.org/2020/04/22/842095406/episode-993-negative-oil

Oil prices have officially fallen well below a dollar in the United States. This is extremely telling about the current state of the economy, considering this has never happened before.

Original Air Date: April 22 2020

Length: 16 minutes 22 seconds

Discussion Prompt: What can this tell us about the state of the global economy at the time of negative oil? If you were advising policy makers, how important would you say this event was or was not? Why?

Three Ideas to Fight the Recession   Leave a comment

Link: https://www.npr.org/2020/04/01/825639315/three-ideas-to-fight-the-recession

Many economists believe the stimulus provided in the CARES Act may end up not being enough to combat the current economic downturn. Economists are suggesting three things: using automatic triggers, such as a rise in the unemployment rate, to trigger future payments by the government; allowing individuals to receive their money through mobile apps such as Venmo; and allowing small businesses to refinance existing debt.

Original Air Date: April 1, 2020

Length: 9 minutes 20 seconds

Written Assignment Prompt: Discuss the pros and cons of the ideas discussed in this podcast. Which, if any, do you think will have the best impact on the economy? What ideas can you come up with that may help combat the effects of this recession?

‘Saving The Economy Versus Saving Lives’: An Ethicist and Economist Consider a Coronavirus Question   Leave a comment

Link: https://www.wbur.org/onpoint/2020/04/01/economist-ethicist-coronavirus

This podcast discusses how part of the economic solution could actually save lives by providing assistance to the healthcare system. Large scale randomized testing may be critical in order to acquire more accurate data on the spread of the virus. In addition, they discuss the importance of complete transparency with government agents.

Original Air Date: April 1, 2020

Length: 47 minutes 9 seconds

Discussion Prompt: What is the idea at the root of this framing of the question as a tradeoff between saving the economy versus saving lives? After listening to this podcast, is it possible to save the economy and combat the pandemic? Do you think there is indeed a tradeoff? Why or why not? 

Discussion Prompt: Do you think how the U.S. is handling the pandemic will spark change in the healthcare system?

What a Coronavirus Recession Would Look Like   Leave a comment

Link: https://www.marketplace.org/shows/marketplace/what-a-coronavirus-recession-would-look-like/

In the U.S. economy, we experience business cycles so after a large economic boom, there is always a recession. Economists believe it is possible we are heading into a “V” recession due to corporate defaults, bankruptcies, and layoffs. This podcasts also addresses issues such as the discrepancies in internet access, stockpiling groceries, and the current state of the stock market.

Original Air Date: March 17, 2020

Length: 25 minutes 43 seconds

Discussion Prompt: What are the differences between L, V, U, and W shaped recessions? What are the other indicators of each “shape” recession?

Discussion Prompt: With schools taking up remote learning, what can be done to bridge the gap to allow equal access to the internet?

Two Yield Curve Indicators   Leave a comment

Link:https://www.npr.org/2019/08/21/753185863/episode-934-two-yield-curve-indicators

In March, the yield curve for United States treasury bonds inverted. For the past six decades, the yield curve has been an extremely accurate indicator of a coming recession. Will this indicator hold true in the coming months?

Original Air Date: August 21, 2019

Length: 18 minutes 54 seconds

Discussion Prompt: What could cause long term treasury bond rates to drop below short term rates?

Discussion Prompt: What steps should the Federal Reserve take in the coming months to prevent a crash similar to the 2008 recession?

Medicine for the Economy   Leave a comment

Link: https://www.npr.org/2020/03/13/815677688/episode-979-medicine-for-the-economy

Some economists believe the government should inject a monetary stimulus into the economy of hundred of millions, if not billions of dollars. Others believe our focus should be solely on the issue at hand: containing the Coronavirus. Economists discuss the importance of pushing funding into corona virus testing, paid sick days, and rebuilding after the public health issue is contained.

Original Air Date: March 13, 2020

Length: 25 minutes 17 seconds

Discussion Prompt: What is the role of the government in the economy in times of global health crises? Is a recession inevitable at this point, or are there ways the government can combat a sharp economic downturn?