"Before Covid-19 few economic commentators who thought about big economic risks pointed to a pandemic. Yet, we are now living with the profound impacts of both the pandemic and the policy responses to it. David Kotok and his coauthors have produced a highly valuable examination of the crisis that began in 2020, its historical antecedents, and its lessons. This book is both timely and most helpful in anticipating the inevitable next one prophesied by many experts."

- Dennis Lockhart, former President and CEO, Federal Reserve Bank of Atlanta

"The Fed & the Flu, Parsing Pandemic Economic Shocks is a monumental journey through time aimed at understanding the impact of pandemics on individuals, society, the economy and on policy responses."

- Kathleen Stephansen, Vice Chair and former Chair of the College of Central Bankers at the Global Interdependence Center

"The Fed and the Flu: Parsing Pandemic Economic Shocks is an important compendium of the history of pandemics, their effects on societies and economies, the policy actions taken to address both the health and economic effects, and recommendations drawn from these historical experiences.... Policymakers would surely benefit from reading this book, but any person interested in history, medicine, and better understanding of the recent pandemic will also learn much from this important book."

- Loretta Mester, former President, Federal Reserve Bank of Cleveland, Professor of Finance, the Wharton School at the University of Pennsylvania