Jonathan Ostry of the IMF has investigated a century of pandemics and discovered that not only do they make our societies less equal, but they lead to a K-shaped recovery. He tells Tim Phillips that, unlike other crises, pandemics open a permanent gap between winners and losers.
Ungated paper at https://cepr.online/DP16122
Ungated paper at https://cepr.online/DP16122
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