ABSTRACT

Recession Remedies: Lessons Learned from the U.S. Economic Policy Response to COVID-19   [open html - 0B]

From the Webpage: "The COVID-19 [coronavirus disease 2019] pandemic posed an extraordinary threat to lives and livelihoods. In the United States, the pandemic triggered a sharp downturn. Yet, the ensuing economic recovery was faster and stronger than nearly any forecaster anticipated due in part to the swift, aggressive, sustained, and creative response of U.S. fiscal and monetary policy. But when the next recession arrives, it most likely won't be triggered by a pandemic. Recession Remedies examines and evaluates the breadth of the economic-policy response to COVID-19. Chapters address unemployment insurance, Economic Impact Payments, loans and grants to businesses, assistance to renters and mortgage holders, aid to state and local governments, policies that targeted children, Federal Reserve policy, and the use of nontraditional data to monitor the economy and guide policy. These chapters provide evidence and lessons to apply to the next recession."

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Date:
2022-04-27
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Copyright:
2022 Brookings Institution
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Brookings Institution: https://www.brookings.edu/
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text/html
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