POLICY RESPONSES TO THE COVID-19 PANDEMIC

Alexandria Edwards
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Alexandria Edwards: The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise

No 151, Studies in Applied Economics from The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise

Abstract: The COVID-19 pandemic has created severe economic disruptions, shutting down fundamental sectors of the United States economy and rocking financial markets. Unlike any prior financial crises, the current crisis is a necessary result of deliberate government actions implemented in order to prioritize public health and mitigate the spread of the virus. Consequently, both monetary and fiscal authorities have initiated major programs intended to inject liquidity into the financial system and provide support to businesses and individuals. This paper presents an outline and analysis of the recent actions taken by the Federal Reserve, as well as the Coronavirus Aid, Relief, and Economic Security (CARES) Act signed by the President on March 27th.

Pages: 28 pages
Date: 2020-03
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:jhisae:0151

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