German Finance Minister Olaf Scholz addresses the media about a supplementary budget to counter the impact of Coronavirus, Berlin, Germany, March 23, 2020 (Michael Sohn/Reuters)

Filmed as a part of a series of virtual lectures for the University of Birmingham’s Department of Politics and International Studies:

Amid the shock of Coronavirus, Governments around the world are facing recession and levels of unemployment not seen since the Great Depression of the 1930s. Can they spend unlimited amounts of money to get out of the crisis?

See also VideoCast: Coronavirus, Central Banks, and Economic Recovery