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What to expect from the political fallout of the ongoing coronavirus pandemic? Three lessons learned from the Great Recession hit Europe in 2008.
Persistent link: https://www.econbiz.de/10012263091
recent crisis using some stylised facts on changing output and employment struc-tures at detailed sectoral level. Focusing … differentiated impact of the recent crisis on struc-tural shifts in their economy. We start with stylised facts related to output and … (or divergence) of the New EU Member States (NMS) compared to the more advanced 'old' EU countries (OMS) during the crisis …
Persistent link: https://www.econbiz.de/10011379808
Between the start of the economic and financial crisis in 2008, and early 2010, almost four million jobs were lost in … and remains at around three million workers below the pre-crisis level. However, in comparison with the severity of the … labour hoarding in several euro area countries. While the crisis has, so far, had a more limited or shorter-lived impact in …
Persistent link: https://www.econbiz.de/10011606290
earlier findings of similar analyses for the NMS. Finally, we analyse differentiated impacts of the recent (2008-2011) crisis … patterns and responses to the crisis. …
Persistent link: https://www.econbiz.de/10012100130
particular after the crisis of 2008-2009. Which are investment- and export-led growth, which implies slower growth of consumption …
Persistent link: https://www.econbiz.de/10012100224
This report examines the resilience of firms during crises from two perspectives: their ability to resist crises and their capacity to recover. The findings reveal that innovative firms are less likely to cease operations than other firms and are more likely to recover faster. The study further...
Persistent link: https://www.econbiz.de/10014530115
The eurozone remains in a deep, largely macro-economic crisis. A robust global economy and falling oil prices have … crisis by means of more decisive action. One response, the recent easing of monetary policy by the European Central Bank (ECB …
Persistent link: https://www.econbiz.de/10011449463
, there is a risk of a financial crisis, and an ex ante higher buffer may counteract the effects of it on the economy. The … about a stable bank capital coverage ratio (in addition to output stabilization and the costs of crisis), optimal policy may …
Persistent link: https://www.econbiz.de/10013373839
This paper analyses how Italy's decades-long decline turned the country into the euro area's Achilles heel, the most vulnerable spot in the common currency. We use a structuralist framework to synthesise different (competing) supply-side and demand-side explanations, accounting for long-term...
Persistent link: https://www.econbiz.de/10014374671
willingness to connect with the public. Tweeting activity during the Covid-19 pandemic provides insight in central bank crisis …
Persistent link: https://www.econbiz.de/10014528329