The Pandemic and its Aftermath

Edmund Phelps, Hian Hoon and Gylfi Zoega ()
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Gylfi Zoega: University of Iceland

Chapter 7 in The Great Economic Slowdown, 2023, pp 115-121 from Springer

Abstract: Abstract Some of the effects of the pandemic within the models of the book are described. The first effect is the increase in public debt, which raises real interest rates, lowers stock prices and raises markups of price over marginal cost. The other is the increased use of connective technologies, which have the effect of increasing the use of homes in production—the equivalent of a helicopter drop of capital. This lowers the real rates of interest and the rental for housing, which makes people move to bigger homes.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-31441-4_7

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DOI: 10.1007/978-3-031-31441-4_7

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