Efficient Programs to Support Businesses During and After Lockdowns

Abstract I analyze efficient government interventions to mitigate financial distress during a severe macroeconomic downturn. At the macroeconomic level, the key variable is the gap between the real wage and the shadow cost of labor. This gap is large when unemployment is high. At the micro level, la...

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Bibliographische Detailangaben

Veröffentlicht in:	The Review of Corporate Finance Studies 2021-03, Vol.10 (1), p.188-203
1. Verfasser:	Philippon, Thomas
Format:	Artikel
Sprache:	eng
Schlagworte:	Coronavirus Stabilisierungspolitik Theorie Wirkungsanalyse Wirtschaftskrise
Online-Zugang:	Volltext
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