Efficient Programs to Support Businesses During and After Lockdowns
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I analyze efficient government interventions to mitigate financial distress during a severe macroeconomic downturn. At the macroeconomic level, the key variable is the gap between the real wage and the shadow cost of labor. This gap is large when unemployment is high. At the micro level, laissez
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美国国家经济研究局创建时间：
2020-12-01
