How has the Fed responded to the Covid-19 recession?

Laura Coroneo, Gulcin Ozkan, Arvind Krishnamurthy

Research output: Other contribution


America’s central bank, the Federal Reserve, responded to the crisis with its biggest ever policy programmes. But the measures have had contrasting effects to date: while the corporate bond market has improved, credit conditions for smaller firms reliant on banks remain tight.
Original languageEnglish
TypeArticle in the Economics Observatory
Publication statusPublished - 2 Feb 2021

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