Norwegian and US Policies Alleviate Business Vulnerability Due to the Covid-19 Shock Equally Well
Annette Alstadsæter (),
Julie Brun Bjørkheim,
Wojciech Kopczuk () and
Andreas Økland ()
No 27637, NBER Working Papers from National Bureau of Economic Research, Inc
We use Norwegian administrative data and applications for emergency government support to simulate magnitude and distribution of business revenue shock due to the Covid-19 pandemic. We rely on it to analyze the impact of business support policies available in Norway and the United States by comparing simulated results from the various policies on a common data set. We find that policies supporting payroll and fixed costs that were available in both countries have a similar impact of reducing firms' economic distress, by cutting the negative effect of the crisis on profitability, liquidity, debt, and solvency by over a half.
JEL-codes: H25 (search for similar items in EconPapers)
Note: EFG PE
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Published as Annette AlstadsÃ¦ter & Julie Brun BjÃ¸rkheim & Wojciech Kopczuk & Andreas Ã˜kland, 2020. "Norwegian and U.S. Policies Alleviate Business Vulnerability Due to the COVID-19 Shock Equally Well," National Tax Journal, National Tax Association;National Tax Journal, vol. 73(3), pages 805-828, September.
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Journal Article: Norwegian and U.S. Policies Alleviate Business Vulnerability Due to the COVID-19 Shock Equally Well (2020)
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