Eberly, Janice C.; Haskel, Jonathan; Mizen, Paul - National Bureau of Economic Research - 2021
widespread decline in recorded GDP. Yet, as catastrophic as the collapse was, it was buffered by an unprecedented and spontaneous … estimate the contribution of this capital, and the remote work that it facilitated, to have roughly halved the decline in GDP … in the US reducing the fall in GDP to 9.4 log points in 2020Q2 at the trough of the recession. Similar effects are seen …