Transfers vs Credit Policy: Macroeconomic Policy Trade-offs during Covid-19
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The Covid-19 crisis has lead to a reduction in the demand and supply of sectors that produce goods that need social interaction to be produced or consumed. We interpret the Covid-19 shock as a shock that reduces utility stemming from social goods in a two-sector economy with incomplete markets. We
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美国国家经济研究局创建时间：
2020-05-01
