On 3 June 2020, the German government announced a EUR 130 billion fiscal stimulus package to stimulate market demand and jumpstart the economy in the wake of the COVID-19 pandemic lockdown in the spring of 2020. The most prominent measure of this package is an unconventional fiscal policy in the...

amazon: Das Wort des ehemaligen Chefvolkswirts der Deutschen Bank findet weltweit Beachtung. Norbert Walter hat als einziger Ökonom den Absturz der deutschen Wirtschaft in der Finanzkrise 2008 präzise vorausgesagt. Zusammen mit seinem Kollegen Jörn Quitzau von der traditionsreichen Hamburger...

This paper is devoted to the ability of selected European countries to face the potential economic crisis caused by COVID-19. Just as other pandemics in the past (e.g., SARS, Spanish influenza, etc.) have had negative economic effects on countries, the current COVID-19 pandemic is causing the...

Using a panel of 97 mostly developing and transitional countries for the period 1990-2011, this paper explores fiscal implications of membership in the World Trade Organization (WTO). Em-ploying robust difference-in-difference specifications as well as semi-parametric methods, we find that...