Who Bore the Brunt of the Pandemic in Europe? : Shifting Private Stress to the Public Sector /

In Europe, the severe human toll of the COVID-19 pandemic was compounded by the deepest fall in economic activity in modern history. Yet this huge decline in output did surprisingly little damage to the aggregate financial balance sheets of firms and households. This paper discusses how unprecedente...

Descrizione completa

Dettagli Bibliografici
Autore principale: Arena, Marco
Altri autori: Chen, Ruo, Cuevas, Alfredo, Foda, Karim
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2021.
Serie:Departmental Papers; Departmental Paper ; No 2021/015
Soggetti:
Accesso online:Full text available on IMF