[2] The ECB’s Macroeconomic Projection Exercise published in September 2020 is available at: https://www.ecb.europa.eu/pub/projections/html/ecb.projections202009_ecbstaff~0940bca288.en.html. The Broad Macroeconomic Projection Exercise published in March 2020 is available at:  https://www.ecb.europa.eu/pub/pdf/other/ecb.projections202003_ecbstaff~dfa19e18c4.en.pdf. [3] See also Eurostat, News release 88/2020, 3 June 2020,  https://ec.europa.eu/eurostat/documents/2995521/10294960/303062020-AP-EN.pdf/b823ec2b-91af-9b2a-a61c-0d19e30138ef; Bundesagentur für Arbeit (Federal Employment Agency), Monatsbericht zum Arbeits- und Ausbildungsmarkt, August 2020,  https://www.arbeitsagentur.de/datei/arbeitsmarktbericht-august2020_ba146633.pdf. [4] Mongey, S., Pilossoph, L. and Weinberg, A.
(2020), “Which workers bear the burden of social distancing policies?”, Covid Economics, Issue 12, pp. 69-86. [5] Beland, L.-P., Brodeur, A. and Wright, T. (2020), “COVID-19, Stay-At-Home Orders and Employment: Evidence from CPS Data”, IZA Discussion Paper Series, Discussion Paper No 13282, May.