The perception of market efficiency is quite different from the reality of market efficiency. We show using a large survey of German market forecasters that few respondents consistently believe that the stock…
COVID-19 placed a special role on fiscal policy in rescuing companies short of liquidity from insolvency. In the first months of the crisis, SMEs as the backbone of Germany’s economy benefited from large and…
Big Tech, commonly associated with the firms Google, Apple, Facebook, Amazon, and Microsoft (GAFAM), makes up the most valuable companies worldwide in 2020. In the ten years leading up to 2020, these five…
The shock on human capital caused by COVID-19 is likely to have long lasting consequences, especially for children of low-educated families. Applying a counterfactual exercise we project the effects of school…
A central motivating factor for studying price markups is their effect on consumer welfare. However, reported estimates of (firm-level) price markups in the literature often focus on industry or cross-country…
Dieser Beitrag basiert auf 20 Tiefeninterviews mit verantwortlichen Akteur*innen von Sozialgenossenschaften, Konsortien und Netzwerken der Sozialen Landwirtschaft in vier süditalienischen Regionen, welche stark…
This study analyzes trends in the Eurosystem’s rules and country allocations of the Public Sector Purchase Program (PSPP) and the Pandemic Emergency Purchase Program (PEPP). The synopsis of purchase rules…
We provide a comprehensive overview of the literature on the measurement of democracy and present an extensive update of the Machine Learning indicator of Gründler and Krieger (2016). Four improvements are…
