Research / White PaperApr 08, 2020

Business Continuity Insurance and Loans: Keeping America’s Lights On During The Pandemic

Samuel G. Hanson, Jeremy C. Stein, Adi Sunderam, Eric Zwick

We propose that the government provide business continuity support, allowing businesses to meet their recurring fixed obligations during the COVID-19 pandemic. The goal is to avoid a large wave of bankruptcies and preserve firm balance sheets to set the stage for a strong economic recovery once the pandemic ends. Business Continuity Insurance describes a proposal that would operate through the tax system, and provides a detailed estimate of the cost of overhead assistance. Business Continuity Loans describes a proposal that would operate through the Federal Reserve system.

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