The Economic Response to the Coronavirus Pandemic

Yeva Nersisyan and L. Randall Wray

Economics One-Pager Archive from Levy Economics Institute

Abstract: As the coronavirus (COVID-19) spreads across the United States, it has become clear that, in addition to the public health response (which has been far less than adequate), an economic response is needed. Yeva Nersisyan and Senior Scholar L. Randall Wray identify four steps that require immediate attention: (1) full coverage of medical costs associated with testing and treatment of COVID-19; (2) mandated paid sick leave and full coverage of associated costs; (3) debt relief for families; and (4) swift deployment of testing and treatment facilities to underserved communities.

Date: 2020-03
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