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Vietnam is widely praised for its successful fight against the COVID-19 pandemic. The country has had an extremely low … for Vietnam. We employ difference-in-differences econometric models to estimate the causal effects of the lockdown, using …
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Short-time work is a labor market policy that subsidizes working time reductions among firms in financial difficulty to prevent layoffs. Many OECD countries have used this policy in the Great Recession. This paper shows that the effects of short-time work are strongly time dependent and...
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Prior to 2020, the Great Recession was the most important macroeconomic shock to the United States economy in …, the economy contracted by more than it had since the Great Depression. A slow and steady recovery followed the Great …
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of economic growth and the initial state of the economy. Although growth may lead to increasing employment (formal and …
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