Finance and productivity during and after lockdown

  • The Competitiveness Research Network (CompNet), the EBRD and the Finance department at the Leibniz Institute for Economic Research (IWH)

The outbreak of the Covid-19 pandemic sparked unprecedented aggregate demand and supply shocks across the globe. The international economic system experienced serious setbacks in investment and employment due to lockdowns and stalling trade. In response, a plethora of fiscal support measures for both households and firms and monetary stimulus policies have been launched to combat the economic fallout.