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Book & E-book

The World Economy after the Coronavirus Shock: Restarting Globalization?

22.06.2020

KBW 26: The COVID-19 virus has spread to 215 countries, virtually covering all areas of the world, and has plunged the world in a health emergency.

Brief

COVID-19 and the Egyptian Economy - From reopening to recovery: Alternative pathways and impacts on sectors, jobs, and households

26.11.2020

Although the global economy is forecasted to shrink by 4.4 percent in 2020 (IMF 2020), the Egyptian economy is proving resilient to the immense human an

Journal Article

Foreign-law bonds: Can they reduce sovereign borrowing costs?

03.09.2018

Governments often issue bonds in foreign jurisdictions, which can provide additional legal protection vis-à-vis domestic bonds. This paper studies the

Journal Article

Smoothing the adjustment to trade liberalization

26.11.2020

We use a dynamic general equilibrium trade model with comparative advantage, heterogeneous firms, hetero- geneous workers and endogenous firm entry to a

Journal Article

Is Favoritism a Threat to Chinese Aid Effectiveness? A Subnational Analysis of Chinese Development Projects

Forthcoming

Chinese aid comes with few strings attached, allowing recipient country leaders to use it for domestic political purposes. The vulnerability of Chinese aid to political capture has prompted speculation that it may be economically ineffective, or even...

Journal Article

Kann Entwicklungshilfe den Migrationsdruck mindern?

05.12.2019

Das Hauptergebnis aktueller empirischer Studien lautet, dass ein negativer Zusammenhang zwischen Entwicklungshilfe und Migration besteht, wenn die Entwi

Journal Article

Going to Extremes: Politics after Financial Crises, 1870-2014

01.09.2016

Partisan conflict and policy uncertainty are frequently invoked as factors contributing to slow post-crisis recoveries. Recent events in Europe provide ample evidence that the political aftershocks of financial crises can be severe. In this paper we...

Contribution

The Impact of Covid-19 on Populism: Will it be Weakened?

22.06.2020

Data shows that populist and non-populist governments implemented similar policies to contain the pandemic. Non-populist governments see stronger inc

Publication

The ECB’s Asset Purchase Programmes: Effectiveness, Risks, Alternatives

18.09.2020

We summarise the empirical evidence on effects of asset purchases in the euro area, including the PEPP programme launched in response to the COVID-19 cr

Publication

Blurred Boundaries Between Monetary and Fiscal Policy

09.11.2020

The paper argues that the monetary policy response to the COVID-19 crisis has been appropriate in terms of the ECB’s primary objective. The concern ov

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