20220256_economics_working_paper_2022_14_en.pdf

"Despite the efforts of policy makers to tackle recessions as they happen, there is ample evidence that major economic downturns produce lasting negative effects on real GDP, pointing to the existence of “economic scarring”. This paper takes a fresh look at economic scarring in 26 OECD count...

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Bibliographic Details
Language:English
Published: European Investment Bank 2022