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The COVID-19 pandemic led to a sharp contraction of economic activity in the euro area (and worldwide). Its anatomy differs strongly from other crises in recent history. We analyse the short-term economic effects of the COVID-19 shock through the lens of an estimated DSGE model. We augment the...
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In this article I set out to present the situation in terms of unemployment rate, the number of registered unemployed but also the share of unemployed nationwide in the period 2020-2021. Due to the Covid-19 pandemic, the unemployment rate has increased considerably. The provisions of the...
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