Hopefully, the COVID-19 pandemic will be a transitory event. But the economic disruption it causes could be persistent, if otherwise-successful small businesses are allowed to shutter, or if out-of-work people are forced to default on loans. Chicago Booth’s Joseph S. Vavra says that policy makers should be focused on preventing such eventsand investing more in shortening the duration of the underlying health threat as well.

More from Chicago Booth Review

More from Chicago Booth

Your Privacy
We want to demonstrate our commitment to your privacy. Please review Chicago Booth's privacy notice, which provides information explaining how and why we collect particular information when you visit our website.