Aggregate and Firm-Level Stock Returns During Pandemics

Laura Alfaro1, Anusha Chari2,3,4, Andrew Greenland5, Peter K. Schott6
1Harvard University
2Centre for Economic Policy Research (CEPR)
3University of North Carolina (UNC) at Chapel Hill - Kenan-Flagler Business School
4National Bureau of Economic Research (NBER)
5Elon University - Department of Economics
6Yale University

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