Based on a survey of about 2,500 US resident adults, we show that people who have experienced serious illness or job loss caused by the COVID-19 pandemic, or who personally know someone who has, favor a temporary progressive levy or structural progressive tax reform to a greater extent than...

Industrielle Kooperationen bieten gerade für innovative Vorhaben Vorteile, denn Forschungs- und Entwicklungsausgaben können so auf mehrere Schultern verteilt und die jeweilige Expertise der Beteiligten effizient genutzt werden. Im Bereich der Verteidigungsindustrie kommt zum Neuigkeitsgrad zu...

We identify the connections between financial institutions from different sectors of the financial industry based on joint extreme movements in credit default swap (CDS) spreads. First, we estimate pairwise co-crash probabilities (CCP) to identify significant connections among 193 international...

We show that political booms, measured by the rise in governments’ popularity, predict financial crises above and beyond other better-known early warning indicators, such as credit booms. This predictive power, however, only holds in emerging economies. We show that governments in emerging...

The global financial crisis of 2007-09 has led to an intensive research program analyzing a wide range of issues related to financial crises. This paper presents a summary of a forthcoming book, Financial Crises: Causes, Consequences, and Policy Responses, that includes 19 contributions...

This dissertation was written by Christopher Weber during his time as a research assistant at the Center for Economic Studies (CES) at the Ludwig-Maximilians-Universität (LMU) Munich. It was handed in at the department of Economics at the LMU Munich in July 2016. The goal of the thesis is to...

Deutschland hat sich das Ziel gesetzt, bis zum 21. September 2021 70 % der erwachsenen Bevölkerung ein Impfangebot zu unterbreiten. Der Fortschritt der Impfkampagne hängt dabei wesentlich von drei Determinanten ab: der Impfstoffverfügbarkeit, den Impfkapazitäten sowie der Impfbereitschaft....

This perspective provides thoughts on the burgeoning interdisciplinary literature surrounding the COVID-19 pandemic and its impact on both individuals and firms with a particular focus on the heterogeneity in government responses. In particular, we discuss disparities in vaccine distribution,...

The Coronavirus Disease 2019 (COVID-19) continues to be a constant threat in 2022 and is important to design appropriate vaccination campaigns to face next pandemic impacts driven by new variants. This study develops a Machine Learning experiment that shows, between countries, a rapid reduction...

What policy space does a country have for a short-term response to a catastrophic event? To quantify this space, the paper proposes a policy space index. The index combines a quantitative, albeit relatively limited and narrow, fiscal space concept with the indicators of nominal monetary space...