The COVID-19 pandemic created an economic crisis of unprecedented scale and speed. Unlike the sluggish response to the 2008 financial crisis, policymakers implemented bold fiscal and monetary measures that produced remarkable results—the fastest labor market recovery in U.S. history, and historic employment levels previously considered impossible. By analyzing this exceptional period, we've developed frameworks for maintaining economic stability and employment during future crises.
Pandemic Response
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12 Posts
Sharp changes to unemployment insurance systems are needed to stabilize the American economy, incentivize compliance with public health guidance, and keep American families financially secure.
Mar 15, 2020
State governments are on the front line of the COVID-19 pandemic and its economic fallout. The pace of the Federal response remains slow and local funding needs are still at risk of going unmet.
Mar 09, 2020
The impact of COVID-19 is likely to be sizable. Regardless of the precise composition of the shock to supply and demand, further macroeconomic policy action is now necessary.
