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The aim is to analyze the American economic policy responses to the recession caused by COVID-19.

April 7, 2026

The Financialization of Recession Response

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Analysis reveals significant financialization of fiscal policy impacting recession response in America, suggesting long-term effects.

The aim is to analyze the American economic policy responses to the recession caused by COVID-19.
Evaluated the political response to the COVID-19 recession.
Compared the speed of policy enactment against automatic policy responses.
Assessed reliance on the Federal Reserve for assistance distribution.
Rapid policy response that mitigated recession severity compared to automatic responses.
Economic assistance favored households and businesses closely tied to the financial system.
Long-term concerns raised regarding the Federal Reserve's role in blending monetary and fiscal policy.

Aaron Klein (2022) studied this question.

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