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Die Europäische Investitionsbank : subsidiärer Finanzintermediär oder Umverteilungsinstrument?

Heinemann, Friedrich - 1992

Persistent link: https://www.econbiz.de/10000138864

Die Europäische Investitionsbank : subsidiärer Finanzintermediär oder Umverteilungsinstrument?

Heinemann, Friedrich - 1992

Die Europäische Investitionsbank (EIB) mobilisiert in quantitativ bedeutendem Ausmaß Finanzmittel für EG-Politikfelder außerhalb des EG-Haushalts. Die von der Bonität des Schuldners abhängige implizite Zinssubvention ist wohlfahrtstheoretisch nicht zu rechtfertigen. Es ist zu vermuten,...

Persistent link: https://www.econbiz.de/10011621697

Dispelling the shadow of fiscal dominance? : fiscal and monetary announcement effects for euro area sovereign spreads in the corona pandemic

Havlik, Annika; Heinemann, Friedrich; Helbig, Samuel; … - 2021 - This version: June 2021

We use event study regressions to compare the impact of EU monetary versus fiscal policy announcements on government … bond spreads of ten euro member countries. Our motivation is to evaluate which of the two players - the ECB or the EU … only for the announcement of the 'Next Generation EU' program. In contrast, a temporary relaxation of European fiscal rules …

Persistent link: https://www.econbiz.de/10012534642

German financial state aid during COVID-19 pandemic : higher impact among digitalized self-employed

Bertschek, Irene; Block, Jörn; Kritikos, Alexander; … - 2022

In response to strong revenue and income losses that a large share of the self-employed faced during the COVID-19 pandemic, the German federal government introduced a €50bn emergency aid program. Based on real-time online-survey data comprising more than 20,000 observations, we analyze the...

Persistent link: https://www.econbiz.de/10013411282