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One Boston Landlord Offers Tenants Relief as Officials Mull Rent, Mortgage Moratoriums

Michael Klein speaks with the Boston Herald about the economic impact of mortgage and rent relief due to COVID-19.

Proposed mortgage and rent moratoriums could “cushion the blow” for people struggling to make ends meet amid unprecedented layoffs, but Tufts University economist Michael Klein says it will do little to stimulate an economy that is dangerously slowing under pandemic shutdowns.

“It’s going to be very difficult for a lot of people. These kinds of actions are just kind of trying to cushion the blow as we get through the most acute phase of this crisis,” said Klein, professor of international economics at Tufts University’s Fletcher School.

“Mortgage and rent relief is a financial lifeline, but it’s not really going to help with the macroeconomic stimulus,” Klein said.

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