• Juan Sánchez,
• 15 Feb, 2021

Analyzing the impact of COVID-19 on regions with differing incidence of financial distress is important. As shown in a recent working paper (PDF), communities where a higher percentage of people are financially distressed can be expected to suffer directly as they cut their spending by much more in reaction to economic shocks, such as a decline in house prices, than those that have a lower percentage of distress. The communities with higher distress also suffer further as those cutbacks
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