Menschen in Minijobs haben keinerlei Anspruch auf Kurzarbeitergeld oder Arbeitslosenhilfe. Hunderttausende verlieren ihre Arbeit, die für viele der Haupterwerb ist. Dieser Beitrag ist am 10. Dezember 2020 in der ZEIT ONLINE–Kolumne Fratzschers Verteilungsfragen erschienen. Hier finden Sie alle Beiträge von Marcel Fratzscher. Mit der zweiten Corona-Welle werden viele Beschäftigte ...
The global economy recovered more quickly than expected in the third quarter of 2020. Following the coronavirus-related slumps, economic output increased by seven percent. A decrease in infection rates and thus an easing of containment measures contributed to re-normalizing production processes and trade. Private households also began demanding more consumer goods again, especially personal services. ...
The coronavirus pandemic is once again slowing down the German economy: Following a strong and unexpected economic recovery over summer 2020, which compensated for large parts of the losses from the spring, the second wave has resulted in renewed restrictions affecting both social and economic life. Therefore, the German economy is likely to shrink again in the final quarter of 2020. If the second ...
A well-planned electric transmission infrastructure is the foundation of a reliable and efficient power system, especially in the presence of large scale renewable generation. However, the current electricity market designs lack incentive mechanisms which can guarantee optimal transmission investments and ensure reliable integration of renewable generation such as wind. This paper first proposes a ...
We construct a novel database of monthly foreign exchange interventions for 49 countries over up to 22 years. We build on a text classification approach that extracts information about interventions from news articles and calibrate our procedure to data about actual interventions. Our new dataset allows us to document stylized facts about the use of foreign exchange interventions for countries that ...
