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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| Andere auteurs: | , , |
| Formaat: | Tijdschrift |
| Taal: | English |
| Gepubliceerd in: |
Washington, D.C. :
International Monetary Fund,
2021.
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| Reeks: | Departmental Papers; Departmental Paper ;
No 2021/015 |
| Onderwerpen: | |
| Online toegang: | Full text available on IMF |
| Samenvatting: | 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 unprecedented policy support transferred private sector income losses to the public sector's balance sheet and contrasts this experience to that of the global financial crisis. |
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| Beschrijving item: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Fysieke beschrijving: | 1 online resource (45 pages) |
| Formaat: | Mode of access: Internet |
| ISSN: | 2616-5333 |
| Toegang: | Electronic access restricted to authorized BRAC University faculty, staff and students |