Kren, Janez; Lawless, Martina; McGuinness, Gerard; … - 2022
characteristics return to 2019 levels by 2023. We also model the impact of the policy supports available to firms. In the absence of … government supports, the distress rate would have been seventy-two per cent higher during the pandemic. We find that supports … have a persistent impact even after they expire. In 2024, the distressed rate without the supports would be twenty per cent …