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The Impact of COVID on Potential Output

The Impact of COVID on Potential Output

www.frbsf.org

Fernald: Federal Reserve Bank of San Francisco and INSEAD;Li: Federal Reserve Bank of San Francisco. We thank Mitchell Ochse for excellent research support. ... depend on the countercyclical effects of monetary and fiscal policy that seek to limit the depth of the pandemic-induced downturn.3 Throughout this paper, we focus on a production ...

  Federal, Reserve, Policy, Potential, Impact, Monetary, Output, Federal reserve, Covid, Impact of covid on potential output

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