There seems to be a general consent in the expert community that Hungarian social policy provides poorly targeted benefits and services that are prone to Mattheweffects. Our results confirm this observation but we also find that the data offer an alternative interpretation of what the Hungarian...

This paper analyses government instruments in terms of reducing market inequality. Government redistribution, realized through public spending and taxation, could be considered as a key element in order to ensure a more equal distribution of income between households. The first part of the paper...

We estimate the welfare costs of inflation originating from lack of liquidity satiation - as in Bailey (1956), Friedman (1969), Lucas (2000), and Ireland (2009) - for the U.S., U.K., Canada, and three countries/economic areas (Switzerland, Sweden, and the Euro area) in which interest rates have...

We estimate the causal effect of cash grants on household finance and business survival following a natural disaster. Disaster-affected individuals in high damage blocks with access to cash grants have 17% less credit card debt following the disaster than those without access to cash grants....

[Einleitung] Die Corona-Pandemie und die Maßnahmen zu ihrer Bekämpfung haben seit Beginn des ersten Lockdowns im März 2020 die deutsche Wirtschaft und den Arbeitsmarkt vor gewaltige Herausforderungen gestellt. War Arbeitslosigkeit im Angesicht des kontinuierlichen Wirtschaftswachstums und...

Energy subsidies account for about 7% of Ecuador's yearly public spending, or two thirds of the fiscal deficit. Removing these subsidies would yield clear economic and environmental benefits and help implement climate targets set in the Paris Agreement. However, expected adverse effects on...

In a comment to Karadja & Prawitz (2019), henceforth KP, Per Pettersson-Lidbom (2020), henceforth P-L, argues that the main results in KP are severely biased. He argues that KP's results are biased due to non-classical measurement error in emigration and due to confounders related to the...