August 25, 2020, 7:39PM EDT
• 6 min read

Cloudy with a Chance of RIBs, Part 2

Quick Take

  • In our previous column ‘Cloudy with a Chance of RIBs, Part 1’ we noted that once unconventional monetary policies and gargantuan fiscal deficits are now standard counter measures to economic downturns, prompting the question: how will officials respond to further distress in the future? 
  • This article examines a recent Peterson Institute for International Economics (PIIE) proposal for a novel monetary tool, recession insurance bonds (RIBs), and its relationship to a Federal Reserve–backed digital currency.

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