A Traditional Economic Stimulus Won’t Work. Here’s What Might.

Daniel Greenwald, Assistant Professor of Finance at the MIT Sloan School of Management

As the Covid-19 pandemic brings the U.S. economy to a standstill, a severe drop in consumer demand is putting vast numbers of businesses at risk of bankruptcy, and millions of employees at risk of losing their jobs. With the U.S. government preparing to spend up to $2 trillion to help workers and shore up businesses, a key question remains: Which interventions will be most effective?

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