DOAJ Open Access 2022

Business Cycle Accounting for the COVID-19 Recession

Daniel Fernandes

Abstrak

We apply the Business Cycle Accounting framework to the COVID-19 recession in the Euro Area and the United States. We conclude that the efficiency wedge had the most important role in the Euro Area, followed by the labor and investment wedges. In the United States, the labor wedge was the most crucial, with the investment wedge taking a second place. We present hypotheses, supported by our theoretical framework, for the dichotomy of the role of the efficiency wedge between the studied regions.

Topik & Kata Kunci

Economic history and conditions Economics as a science

Penulis (1)

Daniel Fernandes

Format Sitasi

APA MLA BibTeX

Fernandes, D. (2022). Business Cycle Accounting for the COVID-19 Recession. https://doi.org/10.14195/2183-203X_55_2

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Informasi Jurnal

Tahun Terbit: 2022
Sumber Database: DOAJ
DOI: 10.14195/2183-203X_55_2
Akses: Open Access ✓