As is well known, during the pandemic recession firms directly exposed to the virus, i.e. the "contact" sector, contracted sharply and recovered slowly relative to the rest of the economy. Less understood is how firms that "won" by offering safer substitutes for contact sector goods have...

Der Luftverkehr ist durch die Maßnahmen gegen die COVID-19-Pandemie besonders stark betroffen. Der Verkehrsrückgang betrug 2020 zum Teil mehr als 90 %. Da die Branche von großer Bedeutung ist, sind besondere staatliche Unterstützungsmaßnahmen sinnvoll, wenn die Pandemie vorbei ist und neues...

COVID-19 led to a massive shutdown of businesses in the second quarter of 2020. Estimates from the CPS, for example, indicate that the number of active business owners dropped by 22 percent from February to April 2020. In this descriptive research note, we provide the first analysis of losses in...

"From fragile, corporate-controlled supply chains breaking down, to millions of already hyper-exploited farmworkers risking their lives in the fields without basic personal protective equipment, the COVID-19 pandemic made it painfully obvious that US agriculture does not work. Agrarian Crisis in...

The COVID-19 pandemic caused an unprecedented collapse of the U.S. economy in late March 2020. The federal government scrambled to provide emergency financial support through a variety of hastily-assembled programs, such as PPP, but relief did not always go to where it was most needed. This...

Die Corona-Krise hat einen Strukturwandel initiiert: Die Arbeitsorganisation hat sich in Richtung Homeoffi ce verschoben. Der Online-Handel hat hohe Wachstumsraten zu verzeichnen. Auch andere Wirtschaftsbereiche, die stärker die Digitalisierung nutzen können und diese Potenziale auch...

Dass die Corona-Pandemie die Bilanzqualität von Banken und Finanzintermediären verschlechtern könnte, wurde zwar schon befürchtet, jedoch stand die Bankenstabilisierung bisher nicht im Mittelpunkt der wirtschaftspolitischen Maßnahmen, welche die Auswirkungen der Corona-Pandemie überwinden...

A study of distortions to agricultural incentives in 18 developing countries during 1960-84, by Krueger, Schiff and Valdes (1988; 1991), found that policies in most of those developing countries were directly or indirectly harming their farmers. Since the mid-1980s there has been a substantial...

A sustained export price boom may not benefit workers if the resulting rents lead employers to invest in coercive activities that reduce wages. We formalize this idea in a simple model of an agricultural economy with exogenous export price fluctuations and plantation owners who mobilize the...

Introduction: Visions of Chicago -- Industrial decline and the rise of the suburbs -- Building the suburban factory and industrial decline in postwar Chicago -- Blight and the transformation of industrial property -- Industrial property and blight in the 1950s -- Industrial renewal and land...

Cover -- Einleitung -- I. Theorien der Verlagspolitik - Ansätze der Neuen Politischen Ökonomie als forschungsleitende Perspektiven -- 1. Verlagspolitik aus der Perspektive ökonomischer Theorien der Politik -- 1.1 Medienpolitischer Ansatz der ökonomischen Theorien der Politik -- 1.1.1...

Collective bargaining in the German metal and electrical engineering (M+E) industries has undergone a phase of considerable development since the 1990s. The profound changes which underwent collective bargaining in M+E over the last two decades have to be regarded against the background of a new...

This paper analyzes the costs of housing crises in terms of GDP growth and the economic conditions under which crises are particularly costly. Housing crises are often followed by recessions that are longer than other recessions. According to empirical estimates, a housing crisis reduces the GDP...

"The media are in crisis. Not only the print press but the entire news production chain. Faced with growing competition and inexorably declining advertising revenue, newspapers, radio and TV news operations, and pure Internet players are all in search of a new model. Based on an innovative study...

Do bankrupt firms impose negative externalities on their non-bankrupt competitors? We propose and analyze a collateral channel in which a firm's bankruptcy reduces collateral values of other industry participants, thereby increasing the cost of external debt finance industry wide. To identify...

A study of distortions to agricultural incentives in 18 developing countries during 1960-84, by Krueger, Schiff and Valdes (1988; 1991), found that policies in most of those developing countries were directly or indirectly harming their farmers. Since the mid-1980s there has been a substantial...

Do bankrupt firms impose negative externalities on their non-bankrupt competitors? We propose and analyze a collateral channel in which a firm's bankruptcy reduces collateral values of other industry participants, thereby increasing the cost of external debt finance industry wide. To identify...