In response to the Covid-19 pandemic, the European Council agreed to provide major financial support to Member States. Drawing on a combination of the EU's long-term budget (2021-2027) and an additional temporary support system known as 'NextGenerationEU' (NGEU), the EU has been providing funds...

Can government policies that increase the monopoly power of firms and the militancy of unions increase output? This paper studies this question in a dynamic general equilibrium model with nominal frictions and shows that these policies are expansionary when certain “emergency” conditions...

Die Vertariflichung sozialer Sicherheit ist eine bislang wenig beachtete Erscheinungsform der Transformation der europäischen Wohlfahrtsstaaten. Das Working Paper fragt nach den grundsätzlichen Wahrnehmungen, Einschätzungen und Bewertungen der Tarifvertragsparteien hinsichtlich der...

The fallout from the global economic downturn of 2008-09 is a continuing source of stress on families and a constraint on government policies. How can social policies contribute to a quick and equitable recovery from the crisis and how can they best respond to the difficulties that households...