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Cutbacks in government spending slowed the recovery and led to lasting damage to workers and economic growth. …
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, possibly higher productivity growth and changed consumer behaviour. Policymakers must act to prevent lasting divergence within …. Third, the article warns against protectionism and advocates for reforms that boost productivity growth further. …
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With the world on the brink of yet another steep recession, and with ecological disaster looming, we can no longer afford the luxury of an economic policy which concentrates on the fight against inflation, leaves unemployment to emergency measures, distribution of wealth and income to the...
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The coronavirus pandemic led to substantial revisions of 2020 GDP growth projections. We analyse whether and to what … respective countries record less severe revisions of growth forecasts. Only in a few cases, our findings suggest that the … growth revisions. Finally, there is broad evidence supporting the view that a country’s exposure to the global economy …
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The pandemic exposes policymakers to fundamental uncertainties about future economic scenarios. While policymakers have to act forcefully to mitigate the impact on the economy, these conditions call for policy strategies that are also robust to uncertainty. This article compares two concepts of...
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Event studies represent an increasingly popular method to evaluate the welfare effects of economic policy decisions. The basic idea is that stock market reactions to the announcement of policy decisions contain superior information about the welfare effects of these decisions. This paper...
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