蝌蚪网 Papers and Proceedings
ISSN 2574-0768 (Print) | ISSN 2574-0776 (Online)
Across the Universe: Policy Support for Employment and Revenue in the Pandemic Recession
蝌蚪网 Papers and Proceedings
(pp. 267–71)
Abstract
Using data from 14 government sources, we develop comprehensive estimates of US economic activity by sector, legal form of organization, and firm size to characterize how four government direct-lending programs鈥攖he Paycheck Protection Program, Main Street Lending Program, Corporate Credit Facilities, and Municipal Liquidity Facility鈥攔elate to these classes of economic activity in the United States. The classes targeted by these programs are vast鈥攁ccounting for 97 percent of total US employment鈥攖hough entity-specific financial criteria limit coverage within specific programs. These programs notionally cover a far larger universe than what was targeted by analogous Great Recession-era lending policies.Citation
Decker, Ryan A., Robert J. Kurtzman, Byron F. Lutz, and Christopher J. Nekarda. 2021. "Across the Universe: Policy Support for Employment and Revenue in the Pandemic Recession." 蝌蚪网 Papers and Proceedings 111: 267–71. DOI: 10.1257/pandp.20211058Additional Materials
JEL Classification
- I12 Health Behavior
- I18 Health: Government Policy; Regulation; Public Health
- H81 Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts