The COVID crisis and the intervention of policymakers to save the economy

In this thesis, I discuss the policymakers’ intervention during the Crisis of 2020 induced by the Covid pandemic. Owing that the United States is the core of the global financial system, the focus is solely on the US economy and markets. This research tries to summarize all the actions undertaken in response to the shock, assess the fiscal and monetary programs established, figure out the consequences and the reactions of the economy and financial markets. Policymakers employed a wide range of policy tools used amid the Global Financial Crisis of 2008 to bolster the economy and they also implemented new programs to provide further support. The intervention was largely successful in stabilizing financial markets and mitigating the economic downturn. However, the thesis also highlights and tries to suggest the long-term impact of all these measures.