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The Covid-19 economic crisis: what would Roosevelt have done?
[Qu'aurait fait Roosevelt face à la crise économique du Covid19 ?]

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Listed:
  • Jean Barthélemy
  • Vincent Bignon

Abstract

History remembers Roosevelt for pulling the United States out of the Great Depression. He did it through communication – responding to the concerns of the American people – and by changing economic policy. His goal? To break out of the vicious circle in which pessimism amplifies a recession. Although the crises may differ, this blog looks at the lessons that we can learn from this strategy for the current crisis. Roosevelt reste dans l’histoire comme ayant réussi à sortir les États-Unis de la Grande Dépression. Pour cela, il communique afin de répondre aux inquiétudes des américains et modifie la politique économique. Son but ? Briser le cercle vicieux dans lequel le pessimisme amplifie la récession. Ce billet tire les leçons de cette stratégie pour la crise actuelle, même si les crises sont différentes.

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Handle: RePEc:bfr:econot:161
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File URL: https://www.banque-france.fr/en/publications-and-statistics/publications/covid-19-economic-crisis-what-would-roosevelt-have-done
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File URL: https://www.banque-france.fr/fr/publications-et-statistiques/publications/quaurait-fait-roosevelt-face-la-crise-economique-du-covid19
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