In small-business lending, will some areas get left behind?

When the economy contracts, banks lend closer to home.
Low-cost interventions could help depress COVID-19’s spread while opening up parts of the economy.
Research suggests stimulus and social support should both have a role in the policy response.
When it comes to market volatility, past health crises don’t compare.
A COVID-19 Q&A with the Phyllis and Irwin Winkelried Professor of Economics
Good policy making recognizes and adapts to the uncertainty inherent in model building.
Business stabilization plans based on insurance and lending models could help vulnerable businesses through the crisis.