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Longer-Run Economic Consequences of Pandemics

FEDERAL RESERVE BANK OF SAN FRANCISCO WORKING PAPER SERIES Longer-Run Economic Consequences of Pandemics scar Jord Federal Reserve Bank of San Francisco University of California, Davis Sanjay R. Singh University of California, Davis Alan M. Taylor University of California, Davis NBER and CEPR June 2020 Working Paper 2020-09 Suggested citation: Jord , scar, Sanjay R. Singh, Alan M. Taylor. 2020. Longer-Run Economic Consequences of Pandemics , Federal Reserve Bank of San Francisco Working Paper 2020-09. The views in this paper are solely the responsibility of the authors and should not be interpreted as reflecting the views of the Federal Reserve Bank of San Francisco or the Board of Governors of the Federal Reserve System.

large scale pandemics, effects will be felt across whole economies, or across wider regions, for two reasons: either because the infection itself is widespread, or because trade and market integration—in capital and/or labor markets—eventually …

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