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Darrell Duffie on the financial markets in a coronavirus world
The SIEPR senior fellow discusses the volatility of the financial markets and potential stabilizing measures as a recession threatens the economy.
As a recession looms over the coronavirus pandemic, SIEPR Senior Fellow Darrell Duffie discusses the volatility of the financial markets and potential stabilizing measures.
鈥淭his is a very deep, and potentially very long-lasting macroeconomic shock,鈥 he says.
Still, he finds cause for optimism. 鈥淭he United States is in a relatively good position, having had a very strong economy coming into this situation.鈥