In the United States, COVID-19 triggered a sharp economic downturn. Yet, the ensuing economic recovery was faster and stronger than nearly any forecaster anticipated due in part to the swift, aggressive, and creative fiscal and monetary policy response in the U.S. While the next recession most likely won’t be triggered by a pandemic, the response can be informed by lessons learned from the COVID-19 recession.
Examines the use and value of nontraditional data sources, such as private payroll service providers and restaurant reservation services.
Examines the role of monetary policy in keeping interest rates low in the wake of a surge in federal borrowing to assess whether a similar increase in borrowing could be repeated in future recessions.
Examines the impact of the pandemic and related policy responses on children.
Looks at the nearly $1 trillion that the federal government provided to state and local governments.
Part I: Reviews the aid offered those among the roughly 50 million homeowners with mortgages who struggled to make payments because of the pandemic. Part II: Reviews the aid offered those among the roughly 44 million renters who struggled to make payments.