On April 24th, Glenn Hubbard and Tony O’Brien continued their podcast series by spending about 18 minutes discussing the role of uncertainty in how quickly the economy can rebound once things open back up. A very good discussion about business cycles occurs. Instructors – Please consider sharing these podcasts with your students. A lot of URL dropping in today’s conversation so we’re providing some show notes from today’s episodes if you’d like to explore them further:
1. Weekly Economic Index: New York Fed link
FRED—St. Louis Fed link
2. Uncertainty index NBER working paper
3. Pre-World War II NBER books (full texts available):
4. Christina Romer article on the 1929 stock market crash and uncertainty: NBER working paper version