This is part of a series, ‘Economists Exchange’, featuring conversations between top FT commentators and leading economists about coronavirus economic recovery
The world economy is struggling to escape the economic shock of Covid-19. During the worst of this pandemic, high-income countries provided a scale of fiscal and monetary largesse previously only seen in world wars.
Now, however, after the election of Joe Biden as president, the US is proposing to do more than double down on already generous support. Is what the US administration doing well judged or excessively risky?
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