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Search results with tag "Impact of covid on potential output"
The Impact of COVID on Potential Output
www.frbsf.orgFernald: 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 ...