decades prior to the Great Recession …

' jobs (which were not subject to government mandated shut-downs during the recent recession), and (iii) wage distributions … more severely affected during the Pandemic Recession. Surprisingly, teleworkable, social and essential jobs have been …

: the recession is larger under such approach as the containment policy applies to a larger fraction of people, remains in …

1992 to 2014. The main finding is that, while forecasters are generally aware that recession years will be different from … other years, they miss the magnitude of the recession by a wide margin until the year is almost over. Forecasts during non-recession … years are revised slowly; in recession years, the pace of revision picks up but not sufficiently to avoid large forecast …