Fernandez-Villaverde and Jones: “Macroeconomic Outcomes and COVID-19: A Progress Report”

From NBER WP 28004: Our main finding is that most countries/regions/cities fall in either of two groups: large GDP losses and high fatality rates (New York City, Lombardy, United Kingdom,..) or low GDP losses and low fatality rates (Germany, Norway, Kentucky, …). Only a few exceptions, mainly California and Sweden, depart from this pattern. This … Continue reading Fernandez-Villaverde and Jones: “Macroeconomic Outcomes and COVID-19: A Progress Report”