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Governments around the world used both large fiscal packages and credit market interventions to support their economies during the COVID-19 pandemic. In this episode, BPEA authors Gee Hee Hong and Deborah Lucas analyze the impact and importance of the credit market intervention policies.
Credit market interventions were an important, but often under-appreciated, element of many countries efforts to support their economies during the COVID-19 pandemic.
Of the 43 economists surveyed between March 15 and 17, 49 per cent forecast the federal funds rate to peak between 5.5 per cent and 6 per cent this year.