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Will COVID-19 Leave Lasting Economic Scars?

Author

Listed:
  • Timothy Sablik
  • Felipe Schwartzman

Abstract

Researchers and policymakers are wondering whether the economic losses associated with the COVID-19 pandemic will prove temporary or persistent. Examining the housing crisis of 2006–09 may provide some clues. Despite the fact that the housing crisis represented a temporary demand-side shock, it had lasting negative effects on employment and GDP in regions most exposed to the boom and bust in house prices.

Suggested Citation

  • Timothy Sablik & Felipe Schwartzman, 2020. "Will COVID-19 Leave Lasting Economic Scars?," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, issue 20-07, pages 1-5, June.
    • Handle: RePEc:fip:fedreb:88296
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    File URL: https://www.richmondfed.org/publications/research/economic_brief/2020/eb_20-07
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    Cited by:

    1. Shuyuan Mary Ho & Xiuwen Liu & Md Shamim Seraj & Sabrina Dickey, 2023. "Social distance “nudge:” a context aware mHealth intervention in response to COVID pandemics," Computational and Mathematical Organization Theory, Springer, vol. 29(3), pages 391-414, September.

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