We estimate the impact of the COVID-19 crisis on business failures among small and medium-size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a simple model of firm cost minimization and measure each firm’s liquidity shortfall during and...

This book explores the role of national fiscal policies in a selected group of Euro-area countries under the European Economic and Monetary Union (EMU). In particular, the authors characterize the response of output to fiscal consolidations and expansions in the small Euro-area open economies...

Seven Steps Towards Inclusive, Innovative and Sustainable Growth -- Historical Roots, Ecosystem Assessment, Firm Formation Processes and Legal Competences: A Historical Perspective on the Evolution of Finance, Knowledge and Labor Market Institutions in Europe -- Economic Impact Assessment of...