The Challenges and Effects of Policies Implemented in U.S. Under Covid-19

DOI

10.2991/assehr.k.220105.109How to use a DOI?

Keywords

economic crisis; covid-19; employment; fiscal policy; monetary policy

Abstract

Under the invasion of Corona Virus, known as covid-19, strict lockdown has been enforced as strongly in all other countries as in the U.S, in the primary purpose of countering any further dissemination. With such circumstances incurring severe economic crisis are the high unemployment rate and low liquidity, reaching an unprecedented level after the 2008 financial crisis. Though U.S. government has imposed fiscal and monetary remedies to save the economy, the result seems unsatisfactory. This paper will discuss which factors hinder the implemented remedies and how effective these polices are in the give period. With the quantitative model and statistical graph, the results extrapolated in the several latest researches show the effectiveness of monetary policies such as direct and indirect government transfer. In the model, it can be seen a decreasing trend of bankruptcy rate among small business and recovering stock market on graphs. From the policies analysis relative to market reaction, we conclude that these tools indeed, though inefficiently, help the economy in the scope of labor market and financial market.

Copyright

© 2022 The Authors. Published by Atlantis Press SARL.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Xingzhi Ma
PY  - 2022
DA  - 2022/01/17
TI  - The Challenges and Effects of Policies Implemented in U.S. Under Covid-19
BT  - Proceedings of the 2021 International Conference on Social Development and Media Communication (SDMC 2021)
PB  - Atlantis Press
SP  - 598
EP  - 604
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.220105.109
DO  - 10.2991/assehr.k.220105.109
ID  - Ma2022
ER  -