In response to the record-breaking COVID19 recession, many governments have adopted unprecedented fiscal stimuli. While … spending, we document that the effects of government spending were stronger during the peak of the pandemic recession, but only …

the outbreak. Bounce-back in GDP growth is rapid, but output is still below pre-shock level five years later. Unemployment … female unemployment than male. The negative effects on GDP and unemployment are felt less in countries with larger first …

by the 2009 recession. A counterfactual was created by: quantifying the effects of the shocks (to tourism and exports … changes to household incomes using data from the Socio-economic Surveys. The effects of the stimulus package introduced in …

prices, unemployment rates, and interest rates in nine countries that took distinctive approaches in tackling the pandemic …, where we introduce lockdowns as shocks to unemployment. Based on impulse response functions, we find that in most countries … the unemployment rate rose, interest rates fell or turned negative, and prices fell initially following the implementation …

the magnitude and composition of these fiscal stimulus programs. These differences were determined by myriad political …

the crisis: Ireland adopted an orthodox deficit-reduction strategy, while Spain implemented a ‘heterodox’ stimulus fiscal …