Maurin, Laurent; Pál, Rozália - 2020
investment by 24.3 to 48.5% during the COVID-19 crisis, compared to 19% during the Great Financial Crisis (GFC). Using historical … standard demand shock. We then calibrate the demand shock to generate the computed decline in net revenues associated to the … faced by corporates between investment and leverage. It also suggests that, should the estimated gap in net revenues …