In the spring of 2020, when country after country virtually shut down its economy, it was the national government that possessed the clout and the reach to take the measures necessary to support citizens and businesses through the sudden and unexpected collapse of economic activity – and, in many cases, to support the states and cities as well. Sub-national governments, typically, did not have the fiscal capacity or the economic-management tools that were needed to respond, quickly and massively, to the human and economic impact of the pandemic. What impact has this had on federalism? Has the management of COVID-19 in the early stages pushed federations to centralize or decentralize?