ineffective in the presence of lockdown measures in place and because of limited pass-through of temporary measures into consumer … model distinguishes between sectors directly and indirectly affected by the lockdown. This allows us to trace economic … spillovers of lockdown measures to the rest of the economy and the differentiated impact of VAT measures on the two sectors. We …

because of limited pass-through of temporary measures to consumer prices and in presence of lockdown measures. Advocates … between sectors directly and indirectly affected by the lockdown. This allows us to trace economic spillovers of lockdown … sizeable effects of VAT changes on consumption even under a limited VAT pass-through. For the specific situation in Germany, we …

-through to consumer prices and during lockdown. Advocates emphasize positive effects on durable goods and stress that a VAT … distinguish between sectors directly and indirectly affected by the lockdown. We trace lockdown and fiscal shocks and analyze the … impact of the VAT reduction in conjunction with the lockdowns in 2020-2021 in Germany. We use nonlinear solution techniques …

lockdown and transfer payments in times of a pandemic. In our model, the effectiveness of a lockdown in mitigating the pandemic … depends on endogenous compliance. A more stringent lockdown deepens the recession which implies that poorer parts of society … find it harder to subsist. This reduces their compliance with the lockdown, and may cause deprivation of the very poor …

by 5%, and even by 20% for liquidity-constrained households. The long-run present value multiplier of the package amounts …

conventional economic indicators, which are traditionally summarised under the heading "multiplier effects". Evaluations of the …

COVID-19 lockdown. While negative aggregate welfare effects of the lockdown are unavoidable, the size of aggregate welfare … lockdown effects based on a calibration to German data. First, we find that without state aid and limited access to … from the lockdown. Second, a state aid program reduces large parts of the welfare losses of workers across all income …

poverty line may provide a more reliable assessment of the impact of the Great lockdown on poverty, however. Policy …, our results suggest that the social impact of the Great Lockdown is likely to be much larger than the one experienced …

The coronavirus pandemic triggered strong political action across Europe. Mandatory restrictions to increase social … lockdown policy on the excess death rate was at best limited, while the economic costs were significant. The Swedish policy of … those countries that pursued more stringent lockdown policies. While we make no claims of presenting a comprehensive study …