Younes, Oussama Abi; Altuğ, Sumru - In: Journal of Risk and Financial Management 14 (2021) 10, pp. 1-15
prices, unemployment rates, and interest rates in nine countries that took distinctive approaches in tackling the pandemic …, where we introduce lockdowns as shocks to unemployment. Based on impulse response functions, we find that in most countries … the unemployment rate rose, interest rates fell or turned negative, and prices fell initially following the implementation …