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This paper contributes to the policy discussion on COVID-19 by presenting real-time evidence on the magnitude of the shock for Italian firms. We take advantage of unique panel data on 7,800 companies between January 2020 – right before the pandemic – and March of the same year – in the...
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these rates and reports illustrative findings, using data from Illinois, New York, and Italy. We combine the data with … rate in Italy is substantially lower than reported …
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