This paper analyzes the aggregate effects of a revenue neutral fiscal-cumsocial policy reform in a typical developing country that consists of two main changes: (1) the implementation of universal social insurance to replace the current dual social protection system (i.e., a reconfiguration of...

This working paper examines recent trends in EU corporate demography and the role of policy responses during the COVID crisis. It compares recent bankruptcy and business creation rates to past trends. Pre-crisis trends were showing declining business creations and rising bankruptcies. After...