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implement a case-study on the response of banks in France, Germany, Italy and Spain to a monetary tightening. The episode we …
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We use a detailed micro dataset on product availability to construct a direct high-frequency measure of consumer product shortages during the 2020-2021 pandemic. We document a widespread multi-fold rise in shortages in nearly all sectors early in the pandemic. Over time, the composition of...
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, model parameters, the base scenario, and key simulation results comparing the USA to Germany, France, and Spain. …
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