By Gabriel Chodorow-Reich, Ben Iverson, David Wessel
The U.S. responded to the COVID-19 recession with massive and unprecedented support for businesses. The business sector overall fared much better than had been expected at the outset. Is this evidence that the business aid had strong economic benefits? Why should policymakers think twice before redeploying the same toolkit during future recessions? Ben Iverson, associate professor of finance at Brigham Young University, and Gabe Chodorow-Reich, associate professor of economics at Harvard University, join host David Wessel to discuss lessons learned about support for businesses.
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