This policy brief warns about the risks of discontinuing the policy responses to the COVID-19 crisis by pursuing exit strategies too early and/or too sharply. It outlines a comprehensive strategy for limiting such risks globally and offers an in-depth discussion of the European situation. Due to...

As the coronavirus pandemic spread across the globe in early 2020, the European Central Bank as well as national governments in the euro area enacted or announced numerous economic policy measures to counteract the severe economic consequences of the resulting lockdowns. In this paper, the...

House price determinants in Liverpool, United Kingdom / Raymond Talinbe Abdulai and Anthony Owusu-Ansah -- Multilevel governance : participatory democracy and civil society's role in governance in the perspective of the Lisbon Treaty / Peter Herrmann -- Transatlantic regulatory cooperation :...

American markets, once a model for the world, are giving up on competition. Thomas Philippon blames the unchecked efforts of corporate lobbyists. Instead of earning profits by investing and innovating, powerful firms use political pressure to secure their advantages. The result is less efficient...

This paper analyzes the effectiveness of the tax and transfer systems in the European Union and the US to act as an automatic stabilizer in the current economic crisis. We find that automatic stabilizers absorb 38 per cent of a proportional income shock in the EU, compared to 32 per cent in the...

Die Europäische Union gerät international zunehmend zwischen die Fronten. Die Corona-Pandemie verstärkt den weltwirtschaftlichen Wettbewerb, insbesondere die feindliche Rivalität zwischen den Vereinigten Staaten von Amerika und China. In diesem Konflikt scheidet Neutralität für Brüssel...