Strategies based on growth and inequality reduction require a long-run horizon, and this paper therefore argues that …

distribution of business revenue shock due to the Covid-19 pandemic. We rely on it to analyze the impact of business support …

shock caused by lockdowns, the idiosyncratic demand shock suffered by sectors that rely on high contact with their costumers …

supply shocks are possible, under some conditions. A 50% shock that hits all sectors is not the same as a 100% shock that …

calibrated by the cost of March 2020 Coronavirus relief packages, the shock is forecast to lead to a cumulative loss in … disaster shock on economic activity and on uncertainty is studied using a VAR. While past natural disasters are local in nature … of large disaster shocks. Even in a fairly conservative case where COVID-19 is a 5-month shock with its magnitude …

typical unemployment shock, depending on race/gender, resulting in a 3.0% increase in mortality rate and a 0.5% drop in life … expectancy over the next 15 years for the overall American population. We also predict that the shock will disproportionately …

allows us to estimate economic growth by income groups, race, and gender consistent with quarterly releases of macroeconomic … growth, and to track the distributional impacts of government policies during and in the aftermath of recessions in real time … the recession. Although the recovery was primarily driven by jobs rather than wage growth, wages experienced significant …

on county-level consumption. I estimate the elasticity of consumption growth to Chinese retaliatory tariffs to be around ….8 percentage point decline in consumption growth. The fall in consumption corresponds with decline in both tradeable and retail …

. Specifically, we use sign restrictions to identify a government revenue shock as well as a government spending shock, while … controlling for a generic business cycle shock and a monetary policy shock. We explicitly allow for the possibility of … announcement effects, i.e., that a current fiscal policy shock changes fiscal policy variables in the future, but not at present …