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;
File format is application/pdf
Description: Full Text
Provider: Federal Reserve Bank of St. Louis
Part of Series: Economic Synopses
Publication Date: 2020-12-22