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Norwegian and US Policies Alleviate Business Vulnerability Due to the Covid-19 Shock Equally Well / Annette Alstadsæter, Julie Brun Bjørkheim, Wojciech Kopczuk, Andreas Økland.
- Format:
- Book
- Author/Creator:
- Alstadsæter, Annette.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w27637.
- NBER working paper series no. w27637
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2020.
- Summary:
- We use Norwegian administrative data and applications for emergency government support to simulate magnitude and distribution of business revenue shock due to the Covid-19 pandemic. We rely on it to analyze the impact of business support policies available in Norway and the United States by comparing simulated results from the various policies on a common data set. We find that policies supporting payroll and fixed costs that were available in both countries have a similar impact of reducing firms' economic distress, by cutting the negative effect of the crisis on profitability, liquidity, debt, and solvency by over a half.
- Notes:
- Print version record
- August 2020.
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