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Was the $278 billion reboot of the $800 billion Paycheck Protection Program (PPP) in early 2021 disbursed equitably to minority communities? This paper provides the first analysis of how PPP funds were disbursed to minority communities in the third and final round of the program, which was...
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We use a labor search model with heterogenous households and firms to study the efficacy of a wage subsidy during a … that sector choose whether to lay off workers or keep them on payroll. A wage subsidy encourages firms to keep workers on … payroll, which speeds up labor market recovery after the pandemic ends. However, a wage subsidy can be costlier than enhancing …
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EU State aid control has been a tool for the Member States to swiftly counteract the economic losses of the COVID-19 crisis and keep businesses afloat. The present paper assessed how the recent relaxation of EU State aid control by the Temporary Framework for State Aid (TF) has changed the...
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