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...

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Hlavní autor: Arena, Marco
Další autoři: Chen, Ruo, Cuevas, Alfredo, Foda, Karim
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2021.
Edice:Departmental Papers; Departmental Paper ; No 2021/015
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On-line přístup:Full text available on IMF