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. Consequently, the goal of our evaluation is to assess the impact of the policy on equity, debt and employment. Using various …
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estimation of causal effects shows significant higher average annual employment growth rates of German venture-backed firms. …
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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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months of the crisis, SMEs as the backbone of Europe’s real economy benefited from large and mainly indiscriminate aid …
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