Title:

On the Cleansing Effect of Recessions and Government Policy: Evidence from Covid-19

Authors:

Nicholas Kozeniauskas (Bank of Portugal, U Católica Portuguesa)
Pedro Moreira (Bank of Portugal)
Cezar Santos (Bank of Portugal, FGV)

Journal:

European Economic Review

Year:

2022

Volume:

144

JEL codes:

E32 - Business Fluctuations; Cycles
D24 - Production; Cost; Capital and Total Factor Productivity; Capacity