Acts of Congress and COVID-19: A Literature Review on the Impact of Increased Unemployment Insurance Benefits and Stimulus Checks

Posted: 1 Mar 2021

See all articles by Elena Falcettoni

Elena Falcettoni

Board of Governors of the Federal Reserve System

Vegard M. Nygaard

University of Houston

Multiple version iconThere are 2 versions of this paper

Date Written: February 24, 2021

Abstract

Congress passed the first COVID-19 relief package for businesses and individuals in March 2020, when the Coronavirus Aid, Relief and Economic Security (CARES) Act was enacted, providing, among other things, one-time stimulus checks for individuals, extended unemployment insurance (UI) benefits, relief for state and local governments, liability protection, and the Paycheck Protection Program for small-business loan forgiveness.

Suggested Citation

Falcettoni, Elena and Nygaard, Vegard M., Acts of Congress and COVID-19: A Literature Review on the Impact of Increased Unemployment Insurance Benefits and Stimulus Checks (February 24, 2021). FEDS Notes No. 2021-02-24-2
https://doi.org/10.17016/2380-7172.2848, Available at SSRN: https://ssrn.com/abstract=3795653

Elena Falcettoni (Contact Author)

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

HOME PAGE: http://www.elenafalcettoni.com

Vegard M. Nygaard

University of Houston ( email )

Houston, TX 77204-5882
United States

HOME PAGE: http://https://sites.google.com/site/vegardmokleivnygaard/

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