macroeconomic models by i) incorporating financial frictions, ii) relaxing the requirement of rational expectations, and iii …, moreover, incorporates many features considered essential for future policy models, such as a financial accelerator with debt …

for each of the states, both in competitive equilibrium and under optimal containment policy adoption, and analyzed the … implications of optimal policy adoption. We concluded that the intrinsic characteristics of the five different states could imply …

The coronavirus pandemic caused a global market crash in the first half of 2020. Following a massive slump of around …, together with far-reaching monetary and fiscal policy measures to dampen the economic impact of the pandemic, ensure that … production and the trust of consumers and firms will slowly return. Notably, China’s quick economic recovery is inspiring hope …

official activity indicators both for the entire sample of firms and the industrial sector. …

This paper studies the determinants of firms' business outlook and managerial mitigation strategies in the wake of the … COVID-19 crisis using a representative panel of German firms. We first demonstrate that the crisis amplifies pre …-crisis weaknesses: Firms that appear relatively weak before the crisis are harder hit initially, and, on top of the initial impact …

This paper studies the determinants of firms' business outlook and managerial mitigation strategies in the wake of the … COVID-19 crisis using a representative panel of German firms. We first demonstrate that the crisis amplifies pre …-crisis weaknesses: Firms that appear relatively weak before the crisis are harder hit initially, and, on top of the initial impact …

Drawing on data from the firm-level Survey of Business Uncertainty, we present three pieces of evidence that COVID-19 …