Laurent Ferrara

Laurent Ferrara

Professor of International Economics, part of SKEMA Centre for Global Risks, SKEMA Business School - University Côte d'Azur, France

Biden’s plan: an American stimulus package with global consequences

After a $900bn package approved in late December 2020, in March 2021 the Biden administration launched a second stimulus worth $1,900 billion, mainly to support households and increase public spending. Shortly afterwards, President Biden announced an investment plan aiming to boost economic growth, together with a plan for families and education.
Economists then asked the effects of such an enormous stimulus on the US economy, wondering whether it would cause it to overheat. They also began to question the global consequences of these two plans.