News and uncertainty about COVID-19: Survey evidence and short-run economic impact
Journal of Monetary Economics(2022)
摘要
•A survey documents that consumer expectations responded quickly to COVID-19.•Consumers expect a large contraction in income due to the COVID-19 shock.•A business-cycle model mainly sees a rise in uncertainty behind the recessionary impact.
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关键词
Consumer expectations,Survey,Large shock,Uncertainty,Monetary policy
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