The article addresses the distributive and regulatory economic policies of the German government in the wake of the Covid-19 pandemic since spring 2020. The challenge for policymakers is to simultaneously solve the short-term, pandemic-related and long-term structural economic problems. The case study outlines the policies of the German government in the two currently visible periods. In a next step, the policy is explained by (1) the interaction of the executive politics of the federal and state governments, in which, in addition to the CDU/CSU and SPD, the Alliance 90/The Greens, the Left Party, and the FDP are also involved as co-governing parties, and (2) the justification of the measures based on the considerable economic consequences of the crisis. The policy characteristics are also moving along the path of a previous paradigm shift, which was also (but not only) induced by the crisis experience of 2008/09, and is supported by modernized advisory bodies as well as business associations and economic chambers. Accordingly, the German economic crisis management and the packages of policy measures in 2020 results from a situation of decision-making, which is characterized by an "oversized" coalition in executive federalism, paradigmatically pluralized expertise and a revised corporatism.