Gourinchas, Pierre-Olivier; Kalemli-Ozcan, Sebnem; … - 2022 - Last updated: November 7, 2022
We study the effects of fiscal policy in response to the COVID-19 pandemic at the firm, sector, country and global … levels. First, we estimate the impact of COVID-19 and policy responses on small and medium-sized enterprise (SME) business … sectors. We find that a sizeable share of the global economy is demand-constrained under COVID-19, especially so in EMs …