Unemployment in the euro area: Why is it so low and when will it start to rise? cnb.cz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnb.cz Daily Mail and Mail on Sunday newspapers.
The Covid-19 recession that hit the French economy was completely non-standard, characterised by an unprecedented and sharp contraction of activity. This column discusses recent findings from the French business cycle dating committee, which show that the recession reached its trough in the second quarter of 2020. Since the third quarter of 2020, the economy has been in a
The lasting impact of the Covid crisis on economic potential voxeu.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from voxeu.org Daily Mail and Mail on Sunday newspapers.
Laurence Ball
The crisis has left deep scars, which will affect both supply and demand for many years to come.
Blanchard (2012)
The Covid-19 pandemic in the US has led to volumes of initial claims for unemployment and unemployment rates not seen since the Great Depression period, pushing the economy into a recession. As policymakers map out potential recovery paths, much of the debate tends to focus on short-run and medium-run implications. Can we hope for a ‘V-shaped’ rebound, at least once vaccines have been widely distributed, or will it take a long time between economic decline and subsequent recovery akin to a ‘U-shaped’ rebound or worse (Baldwin and di Mauro 2020, An and Loungani 2020)? What has received less attention are the potential long-run implications. History tells us that economic crises like the current one can alter consumer behaviour in the long-run – beyond the effects captured by standard economic variables such as current employment and employment p
Hystérèse la-croix.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from la-croix.com Daily Mail and Mail on Sunday newspapers.