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 fact that most of the persistent declines in output since the Great Recession have parlayed into equivalent …-time. These approaches point toward a more limited decline in potential output following the Great Recession …

The fact that most of the persistent declines in output since the Great Recession have parlayed into equivalent …-time. These approaches point toward a more limited decline in potential output following the Great Recession …

Great Recession. Second, many of those losing jobs are not actively looking to find new ones. As a result, we estimate the …

Great Recession. Second, many of those losing jobs are not actively looking to find new ones. As a result, we estimate the …

During the period 1991-93, Finland experienced the deepest economic downturn in an industrialized country since the …