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

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. …

This paper analyzes the initial impact and recovery of globally engaged firms from the COVID-19 crisis. It uses rich …, those directly involved with international markets show better recovery than the ones that were indirectly involved. These … results mask wide variation by firm traits, sectoral attributes, and country characteristics. At the core of the recovery of …

The highly dynamic nature of the COVID-19 crisis poses an unprecedented challenge to policy makers around the world to … the COVID-19 shock translates into a noticeable reduction in gross labor income across the entire income distribution …

Recession, the primary determinant of the U.S. economic contraction in early 2020 was a sharp drop in domestic demand. Although …

Recession, as well as the V-shaped recoveries that followed the oil shock recessions. …We propose a theoretical framework to reconcile episodes of V-shaped and L-shaped recovery, encompassing the behaviour … of the U.S. economy before and after the Great Recession. In a DSGE model with endogenous growth, negative demand shocks …