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The economic policy response to COVID-19 lockdowns included a variety of measures. Their effects on non-financial firms, however, remain unclear. To shed light on the effect of transfers, we investigate the effect of German emergency aid transfers (November-December aid), a program designed for...
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In response to strong revenue and income losses that a large share of the self-employed faced during the COVID-19 pandemic, the German federal government introduced a €50bn emergency aid program. Based on real-time online-survey data comprising more than 20,000 observations, we analyze the...
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outcomes. The UK, Sweden, Canada and the US obtain the highest management scores closely followed by Germany, with a gap to …
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-in-Differences approach. The analysis is based on official records covering all individuals insured by the public health system in Germany and …
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Over the past two decades, Germany experienced several periods of banking system instability rather than full … based on information on all financial institutions in Germany between 1995 and 2010. Explaining this measure by means of …
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