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Good News and Bad News about Newly Imagined Federal Reserve Credit-Allocation Policies

Edward Kane ()

No 1012, Boston College Working Papers in Economics from Boston College Department of Economics

Abstract: This paper analyzes the characteristics of the ad hoc credit facilities provided by the Federal Reserve System, newly authorized by the CARES Act of 2020, and expresses concerns about those programs' effectiveness. The paper stresses the importance of resolving unaddressed re-contracting problems in the real-estate sector.

Keywords: Covid-19; Federal Reserve; credit allocation; monetary policy (search for similar items in EconPapers)
JEL-codes: E52 E61 E65 (search for similar items in EconPapers)
Date: 2020-06-23
New Economics Papers: this item is included in nep-mac and nep-ore
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