Release Date:March, 2021

Corporate market power has risen in recent decades, and new estimates in this note suggest that the likely wave of small and medium-sized enterprise bankruptcies from the ongoing pandemic will more...

Author/Editor: Philipp Engler, Nathalie Pouokam, Diego Rodriguez Guzman, Irina Yakadina.

Release Date:November, 2020

Voluntary and government-mandated lockdowns in response to COVID-19 have caused causing drastic reductions in economic activity around the world. We present a parsimonious two-country-SIR model with more...

Author/Editor: Philipp Engler, Giovanni Ganelli, Juha Tervala, Simon Voigts.

Release Date:October, 2014

Using a DSGE model calibrated to the euro area, we analyze the international effects of afiscal devaluation (FD) implemented as a revenue-neutral shift from employer's socialcontributions to the more...