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The Economic Impact of the Black Death
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COVID-19 and Its Global Economic Impact - PubMed
WebWe document that it was a plausibly exogenous shock to the European economy and trace out its aggregate and local impacts in both the short run and the long run. The initial effect of the plague was highly disruptive. Wages and per capita income rose. But, in the long run, this rise was only sustained in some parts of Europe. WebThe initial effect of the plague was highly disruptive. Wages and per capita income rose. But, in the long run, this rise was only sustained in some parts of Europe. The other … WebIn addition to increased health expenditures and reduced labor force, the pandemic has hit the supply and demand chain massively and caused trouble for manufacturers who have to fire some of their employees or delay their economic activities to prevent more loss. how do i get bird poop stains off my car