The Global Recovery: Lessons from the Past

Posted: 9 Jul 2021

See all articles by Dario Caldara

Dario Caldara

Board of Governors of the Federal Reserve System

Matthew DeHaven

affiliation not provided to SSRN

Francesco Ferrante

Board of Governors of the Federal Reserve System

Matteo Iacoviello

Board of Governors of the Federal Reserve System

Date Written: June, 2021

Abstract

The downturn in global economic activity caused by the COVID-19 pandemic was unique both for its causes and for its severity. Even though, on a global scale, the recent contraction is unprecedented in modern times, it is useful to look at the consequences of large recessions which affected individual countries in the past.

Suggested Citation

Caldara, Dario and DeHaven, Matthew and Ferrante, Francesco and Iacoviello, Matteo, The Global Recovery: Lessons from the Past (June, 2021). FEDS Notes No. 2021-06-22, Available at SSRN: https://ssrn.com/abstract=3876984 or http://dx.doi.org/10.17016/2380-7172.2931

Dario Caldara (Contact Author)

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Matthew DeHaven

affiliation not provided to SSRN

No Address Available

Francesco Ferrante

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

HOME PAGE: http://https://sites.google.com/site/franferrante/

Matteo Iacoviello

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

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