Norwegian and US Policies Alleviate Business Vulnerability Due to the COVID-19 Shock Equally Well [open pdf - 0B]
From the Abstract: "We use Norwegian administrative data and applications for emergency government support to simulate magnitude and distribution of business revenue shock due to the Covid-19 [coronavirus disease 2019] 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, debt, and solvency by over a half."
NBER Working Paper No. 27637; National Bureau of Economic Research Working Paper No. 27637
2020 Annette Alstadsæter, Julie Brun Bjørkheim, Wojciech Kopczuk, and Andreas Økland
National Bureau of Economic Research: https://www.nber.org/