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Epidemics in the New Keynesian Model

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NBER2020-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w27430
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This paper documents the behavior of key macro aggregates in the wake of the Covid epidemic. We show that a unique feature of the Covid recession is that the peak-to-trough decline is roughly the same for consumption, investment, and output. In contrast to the 2008 recession, there was only a short
创建时间:
2020-06-01
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