DiscoverRecession RemediesHow did COVID-19 Economic Impact Payments affect households and the economy?
How did COVID-19 Economic Impact Payments affect households and the economy?

How did COVID-19 Economic Impact Payments affect households and the economy?

Update: 2022-05-31
Share

Description

The three rounds of Economic Impact Payments during COVID-19 were by far the largest direct stimulus payments made to American households. They were one of the main policy successes of the pandemic response in providing immediate support directly to households. What effect did these checks have on households and the economy? Should the program be replicated in future recessions—or better targeted? Melvin Stephens Jr., professor and chair of economics at the University of Michigan, and Michael Gelman, assistant professor of economics at Claremont McKenna College, join host David Wessel to discuss lessons learned about stimulus checks.

Show notes and transcript: https://brook.gs/3z2wf9S 

Recession Remedies podcast is part of the Brookings Podcast Network. Subscribe and listen on AppleSpotifyGoogle, or wherever you listen to podcasts. Send feedback email to podcasts@brookings.edu, and follow and tweet at @policypodcasts on Twitter.

Comments 
loading
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

How did COVID-19 Economic Impact Payments affect households and the economy?

How did COVID-19 Economic Impact Payments affect households and the economy?