Policy Seminar with Josh Rauh

Wednesday, April 8, 2020
Virtual Meeting

PARTICIPANTS
Josh Rauh, Terry Anderson, Scott Atlas, Adrien Auclert, Michael Bordo, Michael Boskin, Kate Bundorf, Thomas Cao, John Cochrane, Steve Davis, Marco Di Maggio, Darrell Duffie, Mark Duggan, David Fedor, Niall Ferguson, Andrew Filardo, Morris Fiorina, Gopi Goda, Paul Gregory, Joe Grundfest, Joseph Hall, Rick Hanushek, Adele Hayutin, Lori Hodrick, Bob Hodrick, Nick Hope, Ken Judd, Tim Kane, Dan Kessler, Robert King, Ed Lazear, Huiyu Li, Fred Martenet, Sean Meyers, Hala Moussawi, David Mulford, Elena Pastorino, Paul Peterson, John Raisian, Raghuram Rajan, Manny Rincon-Cruz, Greg Rosston, Kathryn Shaw, Tom Stephenson, George Shultz, John Taylor, Jim Van Horne, Eric Wakin, Lulu Wang, Zachry Wang, Kevin Warsh, David Yang.

ISSUES DISCUSSED
On April 8, 2020, Josh D. Rauh presented on “The Fiscal Policy Response to the Coronavirus and What We've Learned” at a virtual meeting of the Hoover Working Group on Economic Policy. Josh Rauh is a senior fellow at the Hoover Institution and recently served as the principal chief economist of President Trump’s Council of Economic Advisers. He is also a professor at Stanford’s Graduate School of Business and was formerly director of research at the Hoover Institution.

He discussed issues relating to: (1) The financial costs of the Covid-19 health emergency bills and (2) The mitigation of the economic damage of the shutdown economic activity. He outlined the goals of the fiscal effort, and he then discussed major components of that effort, including the phase 1 bill or the “Coronavirus Supplemental Appropriations Bill,” the March 13 Presidential Declaration of National Emergency under the Stafford Act; the phase 2 bill or the “COVID-19 Families First Coronavirus Response Act,” and the phase 3 bill or the “CARES Act.” Each component of the phases was then considered in light of the goals. He concluded by drawing observation on the overall effort.