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Covid’s effect on inequality

July 30, 2021

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.
You can download the paper that Jonathan is discussing (Furceri, D, Loungani, P, Ostry, J and Pizzuto, P. 2021. ‘Will COVID-19 Have Long-Lasting Effects on Inequality? Evidence from Past Pandemics’. London, Centre for Economic Policy Research.) free here

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