Researchers at DIW Berlin are taking a closer look at the economic effects of the ongoing 2020 coronavirus pandemic. Here you can find all DIW Berlin publications on the consequences of the pandemic, which are leaving deep marks on not only the global and German economies, but also on society itself.
There are now several proposals for complementing the vigorous decision of the ECB to launch a mega ‘pandemic emergency purchase programme’ with fiscal and financial initiatives at the European level. These proposals sometimes overlap, which is a good sign of convergence. This column argues that they are also largely complementary to one another. Hence, it calls for a multi-instrument approach ...
It is in the interest of every EU member state that countries in the Union hit by the coronavirus are able to take the necessary measures to control the pandemic and deal with the economic consequences without being constrained, and to do so very quickly. This column proposes a Covid credit line in the European Stability Mechanism, with allocation across member states proportionate to the severity ...
Abstract: An increasing body of empirical evidence has documented trends to risen concentration, profits, markups, and market power in many industries across the world since the 1980s. Several factors – such as globalisation, digitisation, the increased role of intangible assets and sunk costs, as well as M&A activity and the (under)enforcement of merger control– have been...
Over recent decades, European societies have witnessed increasing social inequalities. Faced with more flexible labor markets, open trade, and technological as well as ongoing demographic changes, European welfare models have been unable to effectively address this issue. Recent developments such as the yellow vest movement in France and the rise of populist parties across Europe have renewed...
Greece cannot take on another decade of slow economic progress. Professor Alexander S. Kritikos in this article points out that the current economic break, as terrible as it also is for all economic life, is a second chance for Greece. Now is the time to break up structures and put the country on a new economic foundation. To make Greece more competitive and innovative, not only are investments needed ...
As the coronavirus pandemic spread across the globe in early 2020, the European Central Bank as well as national governments in the euro area enacted or announced numerous economic policy measures to counteract the severe economic consequences of the resulting lockdowns. In this paper, the immediate effect of the announcements on government bond and stock markets are estimated in a panel study. The ...
The European Commission’s Scoreboard of Macroeconomic Imbalances is a rare case of a publicly released early warning system. It was published first time in 2012 by the European Commission as a reaction to public debt crises in Europe. So far, the Macroeconomic Imbalance Procedure takes a one-size-fits-all approach with regard to the identification of thresholds. The experience of Central and Eastern ...
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