Norwegian and U.S. policies alleviate business vulnerability due to the COVID-19 shock equally well Annette Alstadsaeter, Julie Brun Bjorkheim, Wojciech Kopczuk, and Andreas Okland
Contributor(s): Alstadsaeter, Annette
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Material type: 
ArticlePublisher: 2020Subject(s): PANDEMIAS | CORONAVIRUS | POLITICA ECONOMICA | CRISIS ECONOMICAS | NEGOCIOS MERCANTILES | AYUDA ESTATAL | ESTADOS UNIDOS | NORUEGA
In:
National Tax Journal v. 73, n. 3, September 2020, p. 805-828Summary: We use Norwegian administrative data and applications for emergency government support to simulate the magnitude and distribution of business revenue shock due to the COVID-19 pandemic. We rely on it to analyze the impact of business support policies available in Norway and the United States by comparing simulated results from the various policies on a common data set. We find that policies supporting payroll and fixed costs that were available in both countries have a similar impact of reducing firms economic distress, by cutting the negative effect of the crisis on profitability, liquidity, and solvency by more than a half.
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We use Norwegian administrative data and applications for emergency government support to simulate the magnitude and distribution of business revenue shock due to the COVID-19 pandemic. We rely on it to analyze the impact of business support policies available in Norway and the United States by comparing simulated results from the various policies on a common data set. We find that policies supporting payroll and fixed costs that were available in both countries have a similar impact of reducing firms economic distress, by cutting the negative effect of the crisis on profitability, liquidity, and solvency by more than a half.
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