A carregar...
Publicação
The coronavirus outbreak in the Netherlands: a business cycle accounting analysis
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 214.15 KB | Adobe PDF |
Autores
Orientador(es)
Resumo(s)
This paper employs the business cycle accounting framework to investigate the underlying
mechanisms driving economic fluctuations during the coronavirus outbreak in the Netherlands.
Our findings suggest that the efficiency wedge plays the primary role in explaining output behaviour, followed by the labour wedge. Government financial measures contributed to the inefficient utilisation and allocation of input factors, leading the economy to a downturn. The
investment and government wedges present a negligible impact on output variations. In contrast, an economy without the efficiency wedge accounts for most movements in hours worked,
while the labour wedge is essential for understanding investment dynamics.
Descrição
Palavras-chave
Business cycle accounting Coronavirus Economic crisis Efficiency wedge Netherlands Productivity