COVID-19 and Its Impact on Financial Markets and the Real Economy

成果类型:
Article
署名作者:
Goldstein, Itay; Koijen, Ralph S. J.; Mueller, Holger M.
署名单位:
University of Pennsylvania; National Bureau of Economic Research; University of Chicago; Center for Economic & Policy Research (CEPR); New York University; Center for Economic & Policy Research (CEPR)
刊物名称:
REVIEW OF FINANCIAL STUDIES
ISSN/ISSBN:
0893-9454
DOI:
10.1093/rfs/hhab085
发表日期:
2021
页码:
5135
关键词:
摘要:
The COVID-19 pandemic severely disrupted financial markets and the real economy worldwide. These extraordinary events prompted large monetary and fiscal policy interventions. Recognizing the unusual nature of the shock, the academic community has produced an impressive amount of research during the last year. Macro-finance models have been extended to analyze the impact of epidemics. Empirical papers study the origins and consequences of the disruptions and the impact of policy interventions. New research evaluates the ongoing financial fragility and its relation to previous episodes and regulations. This special issue contains early contributions to this important and rapidly developing literature.(1)
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