This paper estimates the causal effect of corporate tax hikes on firm investment based on more than 1,400 local tax changes. By observing planned and realized investment volumes in a representative sample of German manufacturing firms, we can study how tax hikes induce firms to revise their...

This paper estimates the causal effect of corporate tax hikes on firm investment based on more than 1,400 local tax changes. By observing planned and realized investment volumes in a representative sample of German manufacturing firms, we can study how tax hikes induce firms to revise their...

This policy brief provides novel empirical evidence on the causal effect of increasing corporate taxes on firm investment. The study combines unique data on investment plans and their realizations of firms in the German industrial sector and data on more than 1,400 local tax changes in the...

Attention to the economy plays a key role in canonical macro models, yet its empirical properties are not well understood. We collect novel measures of attention to the economy based on open-ended survey questions. Our measures are included in tailored panel surveys of German firms and...

We provide evidence on the dynamics, drivers, and consequences of attention to the macroeconomy using tailored panel surveys of German firms and households. Draw-ing on novel measures of attention based on open-ended questions collected before and during a historic shock to inflation, we...

Attention to the economy plays a key role in canonical macro models, yet its empirical properties are not well understood. We collect novel measures of attention to the economy based on open-ended survey questions. Our measures are included in tailored panel surveys of German firms and...

Nach Schätzungen des ifo Instituts werden die volkswirtschaftlichen Kosten der wegen der Corona-Epidemie erfolgenden partiellen Stilllegung der Wirtschaft bei einer Shutdown-Dauer – je nach zugrunde gelegtem Szenario – von zwei Monaten zwischen 255 und 495 Mrd. Euro betragen. Die...

This study uses scenario calculations to estimate the economic costs of the partial closure of the economy due to the coronavirus epidemic. With a shutdown duration of two months, the costs reach between EUR 255 billion and EUR 495 billion, depending on the scenario, and reduce the annual growth...

This paper presents scenarios of the shutdown costs in terms of lost value added for Austria, France, Italy, Germany, Spain, Switzerland and UK. The shutdown phase will lead to considerable production losses and large declines in GDP this year. Lasting longer than a month, the losses within the...

Die ökonomischen Kosten des Shutdown bestehen vor allem in der entfallenden Wertschöpfung während der Zeit der Produktionsunterbrechung und potenziellen Folgekosten in Form verzögerter Rückkehr zu normaler wirtschaftlicher Aktivität oder dauerhaften Beeinträchtigungen in Folge von...