Policy Hub leverages the expertise of Atlanta Fed economists and researchers to address issues of broad policy interest. Our research centers coordinate this work and seek to influence policy discussions. Areas of interest include: forecasting, fiscal policy, macroeconomics (Center for Quantitative Economic Research); financial stability, innovation and regulation (Center for Financial Innovation and Stability); human capital, labor markets, health, and education (Center for Human Capital Studies); and government-sponsored entity reform, mortgage markets, and affordable housing (Center for Housing & Policy).

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The Federal Reserve's Liquidity Backstops to the Municipal Bond Market during the COVID-19 Pandemic

This Policy Hub article provides initial evidence of the effectiveness of the Federal Reserve’s facilities in calming the municipal bond market after the COVID-19 pandemic struck. The authors further discuss the market-stabilizing role of liquidity backstops based on their research on the short-term municipal bond market during the financial crisis.