cover pandemics have a change in trend and persistence in growth, and in level and persistence in unemployment. We find that … in recent times seem to have a permanent effect on growth. Moreover, our results show that the unemployment rate …

How should unemployment benefits vary in response to the economic crisis induced by the COVID-19 pandemic? We answer … this question by computing the optimal unemployment insurance response to the COVID-induced recession.We compare the … optimal policy to the provisions under the CARES Act-which substantially expanded unemployment insurance and sparked an …

. -- Macroeconomic Stability ; Inflation ; Unemployment ; the Environment ; Employer of Last Resort ; Basic Income Guarantee …