Journal Article

COVID-19: Scarring Body and Mind


Abstract: "Belief scarring" from the COVID-19 pandemic may generate prolonged effects on the economy—with economic costs greater than the drop in GDP in 2020.

Keywords: COVID-19; coronavirus; rare events; tail risk; belief-drive business cycles;

https://doi.org/10.20955/es.2020.43

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Provider: Federal Reserve Bank of St. Louis

Part of Series: Economic Synopses

Publication Date: 2020-12-22

Issue: 43