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COVID-19 and Economics: research reports


Labor Market and Fiscal Policy During and After the Coronavirus
Paul Gomme
April 22, 2020

 

What are the likely effects of coronavirus-related restrictions on the labor market and the macroeconomy? What are the likely effects of government policies on the unemployment rate and output? A macroeconomic model of the labor market during the coronavirus crisis points to the importance of wage subsidies large enough to encourage firms to agree to employment guarantees, and quick implementation of such labor market policies in order to limit the rise in unemployment.

 

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