Purpose: We analyse the impact of different public policies on inequality, unemployment, growth and the tax burden. In this purpose, we build a dynamic general equilibrium model in which growth is driven by endogenous technical progress to analyse the impacts of several policies (Minimum wage;...

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...

I study the effects of fiscal policy responses to aggregate shocks in an economy where households face idiosyncratic unemployment risk in a search and matching (SaM) labor market. By assuming zero liquidity, the households' distribution is degenerate and the model is easily tractable. In the...

This paper models the macroeconomic and distributional consequences of lockdown shocks during the COVID-19 pandemic. The model features heterogeneous life-cycle households, labor market search and matching frictions, and multiple industries of employment. We calibrate the model to data from New...

We analyse measures of internal flexibility taken to safeguard employment during the Coronavirus Crisis in comparison to the Great Recession. Cyclical working-time reductions are again a major factor in safeguarding employment. Whereas during the Great Recession all working-time instruments...