This is a legacy of the previous crisis, which we will need to keep a serious eye on to prevent new problems from emerging. The diverging resilience of households, firms, banks and governments implies that there is no onesize-fits-all policy advice as to how best preserve and restore the economy.
In some cases, it might be possible to tap into the balance sheets of stronger sectors, to help the weaker ones. Such withincountry solidarity can be welfare-enhancing but will not always be possible, or sufficient. Moreover, we  2  Fout! Onbekende naam voor documenteigenschap. need to carefully guard the stability of our financial system.