• Gabriel Chodorow-Reich
  • Adi Sunderam


April 2022, Paper: "The United States responded to the recession caused by the COVID-19 pandemic with massive and unprecedented support for businesses. New federal business subsidies over the period 2020Q2–2021Q1, including the Paycheck Protection Program (PPP), Economic Injury Disaster Loan (EIDL) advances, and targeted aid for sectors such as airlines and restaurants, totaled $600 billion, or about 2.7 percent of potential GDP, while expanded EIDL added an additional $200 billion of support. The Federal Reserve authorized purchases of up to $750 billion in corporate bonds through the newly created Corporate Credit Facilities (CCFs) and up to $600 billion in long-term, low interest rate loans to midsize corporations through the new Main Street Lending Program (MSLP)." Read Via Brookings

Non-HKS Faculty Author Website - Gabriel Chodorow-Reich and Adi Sunderam