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How i learned to stop worrying and love the crisis

Fidrmuc, Jan; Tichit, Ariane - 2012

We investigate the effects of economic crises on the subsequent economic performance, economic reform, democratization and institutional change. Our analysis is based on a sample of post-communist countries, most of which experienced severe economic crises during the 1990s. We find that the...

Persistent link: https://www.econbiz.de/10010280828

Unconventional Monetary Policy in the Euro Area. Impacts on Loans, Employment, and Investment

Afonso, António; Gomes Pereira, Francisco - 2022

firms that borrowed more increased employment and fixed capital investment, albeit to a lesser degree than before the APP …

Persistent link: https://www.econbiz.de/10013296738

The Future of Work and Consumption in Cities after the Pandemic : Evidence from Germany

Alipour, JV; Falck, Oliver; Krause, Simon; Krolage, Carla; … - 2022

We estimate the impact of Covid-induced working from home (WFH) on offline consumer spending in urban agglomerations. Our analysis draws on postcode-level data on card transactions and WFH patterns in major German cities between January 2019 and May 2022. We address endogeneity in WFH uptake by...

Persistent link: https://www.econbiz.de/10014243174

Tax-co-ordination in Europe : assessing the first years of the EU-savings taxation directive

Hemmelgarn, Thomas; Nicodème, Gaëtan J.A. - 2009

This paper reviews the economic effects of the EU Savings Taxation Directive. The Directive aims at enabling taxation of foreign interest payments received by individuals in accordance with the rules of their State of residence. The data suggest that the Directive, which is based on automatic...

Persistent link: https://www.econbiz.de/10010274232

Evaluating the Impact of Export Finance Support on Firm-Level Export Performance : Evidence from Pakistan

Defever, Fabrice - 2020

This paper evaluates the impact of two export finance support schemes: The Export Finance Scheme (EFS) and the Long-Term Finance Facility for Plant & Machinery (LTFF) on firm-level export performance. These policies offer loans to exporters at concessionary interest rates to finance short-term...

Persistent link: https://www.econbiz.de/10012824577

Are Bigger Banks Better? Firm-Level Evidence from Germany

Huber, Kilian - 2021

The effects of large banks on the real economy are theoretically ambiguous and politically controversial. I identify quasi-exogenous increases in bank size in postwar Germany. I show that firms did not grow faster after their relationship banks became bigger. In fact, opaque borrowers grew more...

Persistent link: https://www.econbiz.de/10013314846

Macroprudential Policy and the Sovereign-Bank Nexus in the Euro Area

Hristov, Nikolay; Hülsewig, Oliver; Kolb, Benedikt - 2021

We explore how changes in capital-based macroprudential regulation in the euro area affect the exposure of national banking sectors to domestic government debt, thus strengthening or weakening the sovereign-bank nexus. To do so, we construct a measure of macroprudential policy based on the...

Persistent link: https://www.econbiz.de/10013324211

The employment effects of low-wage subsidies

Huttunen, Kristiina; Pirttilä, Jukka; Uusitalo, Roope - 2010

empirical evidence on the effects of low-wage subsidies is surprisingly scarce. This paper examines the employment effects of a … difference-in-difference-in-differences approach. Our results indicate that the subsidy system had no effects on the employment … rate. However, it appears to have increased the probability of part-time workers obtaining full-time employment. …

Persistent link: https://www.econbiz.de/10010271590

Abolishing the Martial Wage Premium in Greece : Employment and Participation Effects on Minimum Wage Workers

Kakoulidou, Theano; Konstantinou, Panagiotis; Moutos, Thomas - 2021

We estimate the employment and labour force participation effects resulting from the abolition of the marital allowance … from the Greek LFS over the period 2008:Q1-2016:Q1 we do not find any differential change in the probability of employment …

Persistent link: https://www.econbiz.de/10013315248