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Rescue policies for small businesses in the COVID-19 recession

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While the COVID-19 pandemic had a large and asymmetric impact on firms, many countries quickly enacted massive business rescue programs which are specifically targeted to smaller firms. Little is known about the effects of such policies on business entry and exit, investment, factor reallocation, and macroeconomic outcomes. This paper builds a general equilibrium model with heterogeneous and financially constrained firms in order to evaluate the short- and long-term consequences of small firm rescue programs in a pandemic recession (...)

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Review Of Economic Dynamics, 2023, vol. 51, p. 579-603

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Articles publicats en revistes (Economia)

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Rescue policies for small businesses in the COVID-19 recession