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The coronavirus crisis that started in December 2019 was declared a pandemic by March 2020 and had devastating global … 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 …
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Policymakers imposed constraints on public life in order to contain the Covid-19 pandemic. At the same time, fiscal and monetary policy implemented a large range of of expansionary measures to limit the economic consequences of the pandemic and stimulate the recovery. In this paper, we assess...
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