December 2020

Across the Universe: Protection Pork up for Employment and Revenue in the Pandemic Recession

Ryan A. Decker, Robert J. Kurtzman, Byron F. Lutz, and Christopher J. Nekarda

Abstract:

The spend of info from 14 authorities sources, we build complete estimates of U.S. economic exercise by sector, authorized assemble of organization, and agency dimension to indicate how four authorities inform lending applications—the Paycheck Security Program, the Foremost Avenue Lending Program, the Company Credit ranking Services, and the Municipal Lending Services—relate to these classes of economic exercise in the US. The classes centered by these applications are immense—accounting for 97 percent of total U.S. employment—though entity-divulge financial requirements restrict protection sms lån på minuttetin divulge applications. These applications notionally duvet a miles higher universe than what was as soon as centered by analogous Huge Recession-skills lending policies. We relate our estimates to these from well tisms lån på minuttet substitute info sources, which form no longer usually duvet the bulk of the economic universe.

DOI: https://doi.org/10.17016/FEDS.2020.099

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December 04, 2020

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