A Traditional Economic Stimulus Won’t Work. Here’s What Might.

More countries should follow Denmark’s example

Daniel Greenwald
Marker

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A man walks through the U.S. Capitol Rotunda, empty of tourists as only essential staff and journalists are allowed to work.
A man walks through the U.S. Capitol Rotunda, empty of tourists as only essential staff and journalists are allowed to work during the coronavirus pandemic on March 24, 2020 in Washington, DC. Photo: Chip Somodevilla/Getty Images

AsAs the Covid-19 pandemic brings the U.S. economy to a standstill, a severe drop in consumer demand is putting vast numbers of businesses at risk of bankruptcy, and millions of employees at risk of losing their jobs. With the U.S. government preparing to spend up to $2 trillion to…

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Daniel Greenwald
Marker

Assistant Professor of Finance at the MIT Sloan School of Management, researching links between finance and the macroeconomy.