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What the Next U.S. Economic Stimulus Should Look Like

机译:下一个美国经济刺激应该是什么样的

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So far, the U.S. economic policy response to the coronavirus crisis has been impressive. Nobody could accuse Congress and the Federal Reserve of being timid about supporting output and employment. Even so, their work is just getting started. The recovery is under way, but it follows an extraordinarily deep decline. If all goes well from here-a big if-it will take months and maybe years to get back on track. Meanwhile, several of the emergency budget measures included in the recent Cares Act and other pandemic legislation will soon expire. The economy needs a new round of fiscal support. In designing the next package, Congress would be wise to lean heavily on the plan advanced recently by Jason Furman, Timothy Geithner, Glenn Hubbard, and Melissa Kearney-distinguished economists and former policymakers from both parties. Their proposal not only meets the needs of the moment by extending support where required, but it also redesigns several of the main instruments of fiscal stimulus so they'll work more effectively both now and in future recessions.
机译:到目前为止,美国经济政策对冠状病毒危机的反应令人印象深刻。没有人可以指责国会和胆小的联邦储备对支持产出和就业。即便如此,他们的工作才刚刚开始。恢复正在进行中,但它遵循了极大的深度下降。如果一切都从这里进入 - 很大的if-It需要数月,也许是多年来才能回到轨道上。与此同时,最近的关注行为和其他大流行立法中包含的几项紧急预算措施将很快到期。经济需要新一轮财政支持。在设计下一个包装中,国会将聪明地倾向于杰森·弗劳,蒂莫西·盖特纳,格伦·哈伯克,格伦·哈伯克和梅丽莎·卡萨尼尊敬的经济学家和来自双方的前政策制定者。他们的提议不仅通过扩展所需的支持来满足目的的需求,但它还重新设计了几个财政刺激的主要文书,因此他们现在和在未来的经济衰退中更有效地工作。

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    《Bloomberg business week》 |2020年第4662期|5-5|共1页
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