The Global Recovery: Lessons from the Past

Dario Caldara, Matthew DeHaven, Francesco Ferrante and Matteo Iacoviello

No 2021-06-22, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: The downturn in global economic activity caused by the COVID-19 pandemic was unique both for its causes and for its severity. Even though, on a global scale, the recent contraction is unprecedented in modern times, it is useful to look at the consequences of large recessions which affected individual countries in the past.

Date: 2021-06-22
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2021-06-22

DOI: 10.17016/2380-7172.2931

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