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Search results with tag "Macroeconomic implications of covid 19"
MACROECONOMIC IMPLICATIONS OF COVID-19
www.nber.orgMacroeconomic Implications of COVID-19: Can Negative Supply Shocks Cause Demand Shortages? Veronica Guerrieri, Guido Lorenzoni, Ludwig Straub, and Iván Werning NBER Working Paper No. 26918 April 2020 JEL No. E21,E32,E60,I18 ABSTRACT We present a theory of Keynesian supply shocks: supply shocks that trigger changes in aggregate