Rodríguez-Caballero, C. Vladimir; Vera-Valdés, J. Eduardo - In: Econometrics : open access journal 8 (2020) 3/37, pp. 1-16
cover pandemics have a change in trend and persistence in growth, and in level and persistence in unemployment. We find that … there is an upward trend in the persistence level of growth across centuries. In particular, shocks originated by pandemics … in recent times seem to have a permanent effect on growth. Moreover, our results show that the unemployment rate …