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employment and wages in the United States. Guided by a pre-analysis plan, we document that COVID-19 increased the unemployment … their labor market outcomes affected, while workers working in proximity to coworkers are more affected. The unemployment …, these policies increased unemployment by nearly 4 percentage points, but reduced COVID-19 cases by 186,600-311,000, and …
Persistent link: https://www.econbiz.de/10012221891
increased the unemployment rate, decreased hours of work and labor force participation and had no significant impacts on wages …
Persistent link: https://www.econbiz.de/10012203071
-analysis plan, we investigate the negative impact of the pandemic on unemployment, labour force participation, hours and wages in …
Persistent link: https://www.econbiz.de/10012220772
The Friedman rule states that steady-state welfare is maximized when there is deflation at the real rate of interest. Recent work by Khan et al. (2003) uses a richer model but still finds deflation optimal. In an otherwise standard new Keynesian model we show that, if households have hyperbolic...
Persistent link: https://www.econbiz.de/10009643503
inflation and a permanent reduction in the level of unemployment. In short, we derive a microfounded long-run downward …
Persistent link: https://www.econbiz.de/10005791529