In the financial crisis and recession induced by the COVID-19 pandemic, many investment-grade firms became unable to …. A careful splicing of different unemployment rate series enables us to assess the effectiveness of recent Fed … interventions in these long-term debt markets over long sample periods, spanning the Great Depression, Great Recession and COVID …

shocks have larger negative effects on output during the COVID-19 recession than during other periods. However, financial … crisis of the late 1990s, the IT bubble of the 2000s, and the Great Recession. We then develop a Dynamic Stochastic General …