distribution. The conventional method of analysis is regression of summary inequality indices on variables such as the unemployment … and inflation rates. Building on the lessons from recent advances in time-series econometrics, we suggest instead that one …

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 …

application of mandatory lockdowns contributed to a sharp fall in production and a rise in unemployment, inducing an expansionary …

application of mandatory lockdowns contributed to a sharp fall in production and a rise in unemployment, inducing an expansionary …