The forthcoming fourteenth Five-Year Plan (2021-2025) emphasizes innovation as the driving force to double China’s GDP and income per capita until the year 2035, implying five percent annual output growth.…
“The COVID-19 crisis presents Europe with a challenge of historic proportions. The EU and its Member States have had to adopt emergency measures to preserve the health of the citizens and prevent a collapse…
School closures are one of the measures taken to combat COVID-19. By restricting social contact, closures contribute to the containment of infection chains. However, such measures have side effects that…
Over the last decade, the Eurosystem has become one of the crucial players in the market for euro area government bonds. After first substantive purchases through the Securities Market Programme (SMP) in 2010,…
As the Covid-19 pandemic causes an all-time high share of people to work from home, this disruptive event is likely to have a long-lasting effect on work arrangements. Given existing research on the effects of…
In a joint initiative, the political leaders of France and Germany have proposed to set up a EUR 500 billion fund to support the recovery of the EU economy from the COVID-19 recession. The…