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As part of Germany’s fiscal response to the Covid-19 pandemic, parents received three payments totalling e450 per child. Randomization in the payment dates and daily scanner data allow us to identify the effects of these transfers on household spending. We find a significant but small spending...
Persistent link: https://www.econbiz.de/10013268076
.2.Consumption tax cuts and transfers to households primarily stabilize private con-sumption, and subsidies prevent firm defaults …
Persistent link: https://www.econbiz.de/10012671256
consumption while staying at home, as opposed to income shocks experienced during the pandemic. We also rule out an increase in …
Persistent link: https://www.econbiz.de/10013474540
Persistent link: https://www.econbiz.de/10012815160
During a global shock two forces act upon international remittances in opposite directions: income losses among … conditions had no discernible effect on remittances during the pandemic. We also show that contractions in consumption in Mexico …
Persistent link: https://www.econbiz.de/10012607034
), translate into larger effects of consumption. This result is more pronounced for contractionary shocks, in line with …
Persistent link: https://www.econbiz.de/10011963152
Persistent link: https://www.econbiz.de/10012614427
crises. However, in an early phase, after a sudden and unforeseen shock has caused incalculable and fast-changing dynamics … throughout all stages of an unforeseen economic shock by providing timely and reliable data as a basis to make informed decisions … and largescale data from corporate websites. Most notably, we show that textual references to the coronavirus pandemic …
Persistent link: https://www.econbiz.de/10012602741
We develop a novel empirical approach to identify the effectiveness of policies against a pandemic. The essence of our approach is the insight that epidemic dynamics are best tracked over stages, rather than over time. We use a normalization procedure that makes the pre-policy paths of the...
Persistent link: https://www.econbiz.de/10012315000
We use event study regressions to compare the impact of EU monetary versus fiscal policy announcements on government bond spreads of ten euro member countries. Our motivation is to evaluate which of the two players - the ECB or the EU fiscal level - has been more crucial for the stabilization of...
Persistent link: https://www.econbiz.de/10012534642