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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Autor principal: Arena, Marco
Altres autors: Chen, Ruo, Cuevas, Alfredo, Foda, Karim
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2021.
Col·lecció:Departmental Papers; Departmental Paper ; No 2021/015
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Accés en línia:Full text available on IMF

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