Great Recession and the pandemic recession (aka the Great Contagion) can both be understood as being driven partially by …. We show that ERTEs stabilize unemployment rates by allowing workers to remain with their employers in highly affected …, consequently, of output, and slow-down worker reallocation away from the sectors badly hit by the recession …

Great Recession and the pandemic recession (aka the Great Contagion) can both be understood as being driven partially by …. We show that ERTEs stabilize unemployment rates by allowing workers to remain with their employers in highly affected …, consequently, of output, and slow-down worker reallocation away from the sectors badly hit by the recession. …