File photo of Sherman Robinson, nonresident senior fellow at the Peterson Institute for International Economics (PIIE). (Photo credit: PIIE)

"In the current depressed state of the economy, destimulation is a very poor policy choice."

WASHINGTON, Aug. 13  -- The impasse in U.S. Congress over renewal of the expiring programs that mitigated the economic impact of the COVID-19 pandemic threatens to undo the stimulus effect of the programs and exacerbate the economic damage from the lockdown, according to a newly released study.

The article, published Wednesday, was co-authored by Sherman Robinson, nonresident senior fellow at the Peterson Institute for International Economics (PIIE) and Raul Hinojosa-Ojeda, executive director of UCLA's North American Integration and Development Center.