the COVID-19 shock translates into a noticeable reduction in gross labor income across the entire income distribution …

Canadian unemployment rate in booms and busts. We find strong evidence in favor of asymmetric spillover effects. Unemployment … of the 2-year ahead forecast error of the Canadian unemployment rate in periods of slack vs. just 2% during economic … of the latter, lead to a temporary increase in the Canadian unemployment rate. Evidence of asymmetric spillover effects …

implied by new unemployment claims: we estimate 20 million lost jobs by April 8th, far more than jobs lost over the entire … Great Recession. Second, many of those losing jobs are not actively looking to find new ones. As a result, we estimate the … rise in the unemployment rate over the corresponding period to be surprisingly small, only about 2 percentage points. Third …

programs in a pandemic recession. We calibrate the stationary equilibrium and the pandemic shock to the U.S. economy, taking …

explain not only the spread of the disease, but also cross-country spillovers in perceptions about coronavirus risk and in … social distancing behavior. In the early phases of the pandemic, perceptions of coronavirus risk in most countries are … adjustments. Unemployment responses vary widely across countries. Unemployment is particularly responsive to health shocks in the …

how this framework can generate changes in unemployment and labor participation that match those uncovered by the … empirical literature studying the "China shock." We find that the China shock leads to average welfare increases in most U ….S. states, including many that experience unemployment during the transition. However, nominal rigidities reduce the overall U …

per capita) mediated by product vulnerabilities. We account for the precise lag between when the COVID-19 shock hit the … a lower degree of complexity negatively affected exports as a result of this shock. …

which German-style work-sharing policies can be successful in other countries. -- labor demand ; output shock ; tax …