[Problemstellung und Erkenntnisinteresse ...] Die folgende Wirkungsanalyse gliedert sich in zwei Teile. Im ersten Teil werden die makroöko-nomischen und finanzpolitischen Auswirkungen der Maßnahmen des DARPs quantifiziert. Hierzu werden die ökonomischen Effekte der Maßnahmen nach Einordnung...

While the first two pillars of the European Banking Union have been implemented, a European deposit insurance scheme (EDIS) is still not in place. To facilitate its introduction, recent proposals argue in favor of a reinsurance scheme. In this paper, we use a regime-switching open-economy DSGE...

This paper evaluates the temporary VAT reduction introduced by the German government over the third and fourth quarter of 2020 as most controversial part of the COVID-19 stimulus package. Critics argue that VAT reductions are ineffective because of limited pass-through of temporary measures to...

Infolge der COVID-19-Pandemie befindet sich Deutschland in einer Rezession, in der die gesamtwirtschaftliche Investitionstätigkeit deutlich zurückgegangen ist. Die Bundesregierung hat Anfang Juni ein Konjunkturprogramm beschlossen, welches zu einem Teil auch investive Maßnahmen vorsieht, die...

While the first two pillars of the European Banking Union have been implemented, a European deposit insurance scheme (EDIS) is still not in place. To facilitate its introduction, recent proposals argue in favor of a reinsurance scheme. In this paper, we use a regime-switching open-economy DSGE...

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...

The European Central Bank is planning a gradual reduction of government bond purchases under the asset purchase program it initiated in 2015. The present study by the German Institute for Economic Research analyzes the potential macroeconomic implications of different exit strategies. The...