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A new policy toolkit is needed as countries exit COVID-19 lockdowns

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  • Olivier Blanchard
  • Thomas Philippon
  • Jean Pisani-Ferry

Abstract

When it became clear that the COVID-19 pandemic required widespread lockdown of all but essential firms, most governments took measures to protect vulnerable workers and firms from the worst effects of the sudden drop in activity. These measures included unemployment benefits, grants, transfers, loans at low rates and tax deferrals. Their nearly exclusive focus was protection. As lockdowns are lifted, as some of these measures come to an end, and...

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  • Olivier Blanchard & Thomas Philippon & Jean Pisani-Ferry, 2020. "A new policy toolkit is needed as countries exit COVID-19 lockdowns," Policy Contributions 37232, Bruegel.
    • Handle: RePEc:bre:polcon:37232
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