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000003987 0247_ $$a10.3886/E139021V2$$2DOI
000003987 02470 $$a10.3886/E139021$$2DOI
000003987 041__ $$aeng
000003987 084__ $$aD21 Firm Behavior: Theory$$02947
000003987 084__ $$aD22 Firm Behavior: Empirical Analysis$$02948
000003987 084__ $$aE65 Studies of Particular Policy Episodes$$03055
000003987 084__ $$aG33 Bankruptcy; Liquidation$$03148
000003987 245__ $$aData and Code for: COVID-19 and Small- and Medium-Sized Enterprises: A 2021 “Time Bomb”?
000003987 251__ $$a2
000003987 260__ $$bAmerican Economics Association
000003987 269__ $$a2021-06-01
000003987 336__ $$aDataset
000003987 506__ $$aFiles may be downloaded from digital repository linked in the DOI field
000003987 520__ $$aThis paper assesses the prospects of a 2021 time bomb in SME failures triggered by the generous support policies enacted during the 2020 COVID-19 crisis.  Policies implemented in 2020, on their own, do not create a 2021 "time-bomb" for SMEs.  Rather, business failures and policy costs remain modest. By contrast, credit contraction poses significant risk. Such a contraction would disproportionately impact firms that could survive COVID-19 in 2020 without any fiscal support.  Even in that scenario, most business failures would not arise from excessively generous 2020 policies, but rather from the contraction of credit to the corporate sector.<p><p> Data and code for conference paper published in AEA Papers and Proceedings.$$7Abstract
000003987 540__ $$aCreative Commons Public Domain Mark 1.0 Universal$$uhttps://creativecommons.org/publicdomain/mark/1.0/deed.en$$fCC-PDM-1.0
000003987 7001_ $$aGourinchas, Pierre-Olivier$$7Personal$$uUniversity of California - Berkeley
000003987 7001_ $$aKalemli-Özcan, Sebnem$$7Personal$$uUniversity of Maryland
000003987 7001_ $$aPenciakova, Veronika$$7Personal$$uFederal Reserve Bank of Atlanta
000003987 7001_ $$aSander, Nick$$7Personal$$uBank of Canada$$3https://ror.org/05cc98565$$5ROR
000003987 791__ $$aJournalArticle$$eIsSupplementTo$$iReproducibility package is associated with peer-reviewed article$$w10.1257/pandp.20211109$$c2021$$dAEA Papers and Proceedings (American Economic Association)$$tCOVID-19 and Small- and Medium-Sized Enterprises: A 2021 "Time Bomb"?$$2DOI$$j111$$q282$$o286
000003987 791__ $$aText$$eIsContinuedBy$$iAssociated conference paper is continued in Bank of Canada Staff Working Paper$$w10.34989/swp-2023-32$$c2023$$dBank of Canada$$tSME Failures Under Large Liquidity Shocks: An Application to the COVID-19 Crisis$$2DOI$$jStaff Working Paper$$k2023-32
000003987 791__ $$aDataset$$eIsNewVersionOf$$tData and Code for: COVID-19 and Small- and Medium-Sized Enterprises: A 2021 “Time Bomb”?$$dAmerican Economic Association$$iDataset is update to an earlier version$$w10.3886/E139021V1$$2DOI$$c2021-04-27
000003987 8301_ $$aReproducibility Package
000003987 8301_ $$aEnsemble de données pour la reproductibilité des résultats de recherche
000003987 909CO $$ooai:www.oar-rao.bank-banque-canada.ca:3987$$pbibliographic
000003987 937__ $$aGourinchas, P.-O., Ş. Kalemli-Özcan, V. Penciakova and N. Sander$$b2021$$cCOVID-19 and Small- and Medium-Sized Enterprises: A 2021 "Time Bomb"?$$dAEA Papers and Proceedings$$f111$$ghttps://doi.org/10.1257/pandp.20211109
000003987 980__ $$aStaff Research
000003987 980__ $$aRDM
000003987 980__ $$aResearch Reproducibility Packages
000003987 991__ $$aPublic