The paper I co-authored with @MariaCbgoes is out in @ReviewofPE (better yet, it's free access!)
CHECK IT OUT!

We model the negative dynamic feedback between #COVID19 infections and the #unemployment rate, making few (possibly interesting) remarks.

Thread down here
1/N https://twitter.com/Lprochon/status/1356973167273775110

We build a framework in which the resurgence of #COVID19 pandemic waves negatively affects unemployment and economic activity.
This results in the possibility that- if not properly tackled- recurrent infection waves may lead to pandemic-driven unemployment and GDP downswings
2/N

We then calibrate the model for the US and discuss its predictions in light of the ongoing labor market dynamics, arguing that unemployment assistance helped in preventing the emergence of this negative feedback, but job recovery is still too weak.

3/N

In line with a point made by the @ilo, focusing on the official unemployment rate only may be misleading. If we analyze the dynamics of the inactivity rate of working-age population and jobless claims, we can more clearly see the threat that pandemic waves poses.

4/N

In line with a point made several times by the @EconomicPolicy, there is an urgency to support the mass of unemployed in the US.
We should do whatever it takes (sic!), really.

5/N

The analysis focuses mostly on the US, but the theoretical framework can be easily applied to the Eurozone, in which the W-shaped recession is becoming a fact rather than a possibility (see the @FT article below!)

6/N and last! https://www.ft.com/content/f8efe708-3c22-493b-88bd-855ec6d98522