Senior Fellows/Fellows

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Senior Fellows/Fellows, Pandemic

COVID-19 Is a Persistent Reallocation Shock

Steven J. DAVIS, Nicholas A. BLOOM, Jose Maria BARRERO
Drawing on firm-level forecasts at a one-year horizon in the Survey of Business Uncertainty (SBU), we construct novel, forward-looking reallocation measures for jobs and sales. These measures rise sharply after February 2020, reaching rates in April that are 2.4 (3.9) times the pre-COVID average for...
Keywords: COVID-19, Coronavirus, reallocation shock, Survey of Business Uncertainty, CARES Act
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Commentaries

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Senior Fellows/Fellows, 2020, Pandemic

Six Lessons for Public Health in the Fight Against COVID-19

Hanming FANG
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Commentaries

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Senior Fellows/Fellows, 2020, Pandemic

Public Policy Tools to Address the COVID-19 Pandemic: Health vs. Economy

Hanming FANG
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Commentaries

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Senior Fellows/Fellows, 2020, Pandemic

Post COVID-19, How Will We Be Better?

Danny QUAH
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Senior Fellows/Fellows

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Senior Fellows/Fellows, Pandemic

Labour Markets During the COVID-19 Crisis: A Preliminary View

Olivier COIBION, Yuriy GORODNICHENKO, Michael WEBER
We use a repeated large-scale survey of households in the Nielsen Homescan panel to characterize how labor markets are being affected by the covid-19 pandemic. We document several facts. First, job loss has been significantly larger than implied by new unemployment claims: we estimate 20 million los...
Keywords: Labor market, unemployment, Employment, covid-19.
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