südeuropäischen Ländern bedeutend geringer als in Mittel- und Nordeuropa. Deutschland liegt bei der Einkommensstabilisierung in beiden … Kreditbeschränkungen in wohlhabenden Ländern wie Deutschland keine so große Rolle spielen. …

of commodities and employment in affected sectors. In this environment, we use a linear SAM-multiplier model that … the SAM-multiplier model to estimate the macro stimulus impacts of policies to support affected households. The model … focuses attention on the structural features of the economy that define the multiplier process (who gets the additional income …

Germany and the United States pursued different economic strategies to minimise the impact of the Coronavirus Crisis on … the labour market. Germany focused on safeguarding existing jobs through the use of internal flexibility measures … contrasting it with the chosen strategy in the United States. In Germany, temporary cyclical reductions in working hours are …

during certain points in the business cycle. Evidence of state dependence in the multiplier depends critically on how the … business cycle is defined. Estimates of the fiscal multiplier do not change when the unemployment rate is above or below its … trend. However, we find that the multiplier is higher when the unemployment rate is increasing relative to when it is …