Author/Editor: Julia Estefania-Flores, Davide Furceri, Pablo Gonzalez-Dominguez, Siddharth Kothari, Nour Tawk.

Release Date:October, 2022

This paper estimates the scarring effect of recessions on corporates' investment and how it is amplified by the level of corporate debt. Our results suggest that the effect of firms' debt in shaping more...