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 risks; belief-driven business cycles;

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: Economic Synopses

Publication Date: 2020-12-22

Issue: 43