Getting Serious about the Economic Response to COVID-19
Report

Getting Serious about the Economic Response to COVID-19

Josh Bivens
EPI, 2020
Get the Report

Read or listen offline

Amazon Kindle
automatisch generiertes Audio
  • 0.5×
  • 0.75×
  • 1×
  • 1.25×
  • 1.5×
  • 1.75×
1×
automatisch generiertes Audio

Editorial Rating

8

Qualities

  • Applicable
  • Bold
  • Hot Topic

Recommendation

Anxiety over the potential US economic fallout from the COVID-19 epidemic continues to mount. In this concise briefing, economist Josh Bivens offers policy officials some sober advice on how to tailor their responses to the particular aspects of a coronavirus-driven recession. His astute paper looks into how, much like the virus itself, a potential downturn could spring up suddenly, affect low-income people the most, and have an excessive effect on state and local governments. 

Summary

A COVID-19 recession would come on fast in the United States.

Recessions differ in their causes and effects, and each requires a distinctive mix of responses. For instance, the 2008 Great Recession, brought on by an ongoing housing bubble, needed long-term remedies. In contrast, an economic fallout from an infectious disease like COVID-19 needs immediate relief. It’s crucial for policy makers to think clearly about their responses. Ideological proposals like tax and regulatory cuts have little to do with a looming health crisis and its consequences.

About the Author

Josh Bivens is the director of  research at the Economic Policy Institute.

Comment on this summary or Diskussion beginnen