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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 …
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We simulate the fiscal stimulus packages set up by the German government to allevi-ate the costs of the COVID-19 pandemic in a dynamic New Keynesian multi-sectorgeneral equilibrium model. We find that, cumulated over 2020-2022, output lossesrelative to steady state can be reduced by more than 4...
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During a global shock two forces act upon international remittances in opposite directions: income losses among …
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An economy's ability to resist adverse shocks, such as an economic recession or natural disaster, is associated with its financial system structure due to different countercyclical funding capabilities. This paper uses a novel database of bank headquarter locations in a cross-country comparison...
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We examine the impact of the COVID-19 pandemic on the formation of energy conservation routines. To do so, we use data from two nationwide surveys of German households, conducted before and during the pandemic. Across the two survey waves, we document a significant increase in the likelihood...
Persistent link: https://www.econbiz.de/10013474540
Firms with credit-default swaps (CDS) traded on their debt may face "empty creditors" as hedged creditors have less incentive to participate in firm restructuring. We test for the existence of empty creditors by employing an exogenous change to the bankruptcy code in Germany that effectively...
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