How did credit market interventions affect macroeconomies during COVID-19?

In addition to large fiscal packages, governments around the world utilized credit market interventions to support their economies during the pandemic. However, the impact and importance of these policies has not been fully analyzed. Gee Hee Hong of the IMF and Deborah Lucas of MIT approach this problem in their new BPEA paper, and they discuss their findings on this episode of the Brookings Podcast on Economic Activity with Wendy Edelberg of The Hamilton Project. Show notes and transcript: https://bit.ly/41oIDfA The Brookings Podcast on Economic Activity is part of the Brookings Podcast Network. Subscribe and listen on Apple, Spotify, or wherever you listen to podcasts. Send feedback email to podcasts@brookings.edu.