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production, consumption, technical unemployment which has visible effects on the decrease of income of all, but especially on …
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The first wave of the COVID-19 pandemic and the measures enforced to combat it have led to a decline in economic activity unprecedented since the Great Depression. Worldwide, millions, and yet millions, of people have lost their jobs-either temporarily or permanently. At first, the COVID- 19...
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US states have implemented lockdown measures to contain the COVID-19 pandemic. We assess the impact of state policy responses on local economic and health conditions, with the goal to shed light on marginal health benefits and economic costs associated with social distancing. We find that...
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detrimental medium-term effects on output, unemployment, poverty, and inequality. However, policies can go a long way toward … relatively greater fiscal support. The increases in unemployment, poverty, and inequality are likewise lower for countries with …
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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 …
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