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    Labour Market Reallocation In The Wake Of Covid-19

    The Covid-19 pandemic hit some firms and sectors especially hard. As economies bounce back, a key question is whether the recovery will re-employ all of the workers shed during the downturn, and whether they will go back to similar jobs. Co-Authors: Lena Anayi, Jose Maria Barrero, Nicholas Bloom, Philip Bunn, Julia Leather, Brent Meyer, Myrto Oikonomou, Emil Mihaylov, Paul Mizen, Gregory Thwaites

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    Economic Uncertainty In The Wake Of The COVID-19 Pandemic

    Measures of economic uncertainty derived from statistical models are not well suited to quickly capture shifts associated with sudden, surprise developments like the COVID-19 crisis, thus necessitating forward-looking measures. This column considers several such forward-looking indicators of economic uncertainty for the US and UK before and during the COVID-19 pandemic.

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    Economic Uncertainty Before And During The COVID-19 Pandemic

    The unprecedented scale and nature of the COVID-19 crisis has generated an extraordinary surge in economic uncertainty. In a recent paper we review what has happened to different indicators of uncertainty in the US and UK before and during the COVID-19 pandemic. Three results emerge. All of the indicators that we consider show huge jumps in uncertainty in reaction to the pandemic and its economic fallout. 

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    Economic Uncertainty Before And During The COVID-19 Pandemic

    Most indicators of economic uncertainty in the US and UK reached their highest values on record following the onset of the COVID-19 pandemic, with peaks varying among indicators and along differing timelines

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    Economic Uncertainty Before and During the COVID-19 Pandemic

    Economics Working Paper 20111

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