The Economic Ripple Effects of COVID-19 (Английский)

What are the effects of a large temporary shock to the economy such as a temporary lockdown in response to a pandemic? Are the effects propagated and made persistent by firms’ deteriorating balance sheets and labor market frictions? This paper develops a model with financial market and labor market frictions to answer these questions. The model makes quantitative predictions about the effect on output, employment and firm dynamics from lockdowns of...
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  • Buera,Francisco J.;
    Fattal Jaef,Roberto N.;
    Neumeyer,P. Andres;
    Hopenhayn,Hugo;
    Shin,Yongseok;

  • 2021/04/14

  • Рабочий документ в рамках исследования вопросов политики

  • WPS9631

  • 1

  • 1

  • Весь мир,

  • Прочее,

  • 2021/04/14

  • Disclosed

  • The Economic Ripple Effects of COVID-19

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