shock come with news about its propagation, allowing us to disentangle the role of beliefs about the future of the pandemic … and apply it to study the macroeconomic effects of the Covid shock. The initial outbreak is represented as the onset of a … new shock process where the shock loads on wedges associated with the model's usual shocks. Realizations of the Covid …

This paper studies job search behavior in the midst of a pandemic recession. We use long-running panel data from the … search during the pandemic recession differs strongly from previous downturns. The unemployed search significantly less than … the duration of the pandemic seem to play a key role in explaining job search effort for the unemployed in 2020 …