Roth, Felix; Jonung, Lars; Most, Aisada - In: Empirica 51 (2023) 1, pp. 61-86
The COVID-19 pandemic had disastrous effects on health and economic activity worldwide, including in the Euro Area. The application of mandatory lockdowns contributed to a sharp fall in production and a rise in unemployment, inducing an expansionary fiscal and monetary response. Using a uniquely...
