Will COVID-19 Leave Lasting Economic Scars?

Timothy Sablik and Felipe Schwartzman

Richmond Fed Economic Brief, 2020, issue 20-07, 5

Abstract: Researchers and policymakers are wondering whether the economic losses associated with the COVID-19 pandemic will prove temporary or persistent. Examining the housing crisis of 2006–09 may provide some clues. Despite the fact that the housing crisis represented a temporary demand-side shock, it had lasting negative effects on employment and GDP in regions most exposed to the boom and bust in house prices.

Keywords: COVID-19; housing crisis; economic losses (search for similar items in EconPapers)
Date: 2020
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