Phenomenal increases in food prices in 2007 and 2008 caused governments around the globe to panic. During the chaos which ensued, most developing countries responded to the crisis with a convoluted array of policies intended to stabilize domestic markets, placate consumers and other...

Die wirtschaftlichen Auswirkungen der Coronapandemie haben die Volkswirtschaften der EU schwer getroffen. Zur Unterstützung haben die Mitgliedstaaten erhebliche Finanzmittel in die Wirtschaft gelenkt und die EU hat die entsprechenden Beihilferegeln, die den Wettbewerb im Binnenmarkt schützen...

This paper investigates how persistent changes in trust caused by the Great Recession have affected how governments and citizens across Europe responded to the next global crisis: the COVID-19 pandemic. We show that increases in individualism and mistrust towards institutions caused by...

While degraded trust and cohesion within a country are often shown to have large socioeconomic impacts, they can also have dramatic consequences when compliance is required for collective survival. We illustrate this point in the context of the COVID-19 crisis. Policy responses all over the...

We analyze consumer sentiment with a novel survey of Thai and Vietnamese consumers conducted in May 2020, that is, shortly after the end of the immediate lockdown due to the COVID-19 pandemic. In a randomized control trial, we expose subgroups of the survey respondents to four different...

This paper uses the COVID-19 pandemic as a case study to investigate the direct and indirect effect of beliefs of others on respondent's own beliefs and on their individual consumer sentiment. In a new online consumer survey with randomized control trials (RCTs) in Thailand and Vietnam, we...

During the recent food crisis, developing countries responded with a wide variety of policy responses to protect their population. Understanding the policy-making process in developing countries is important to know why such policy responses are made and how various actors and players shape up...

The European Union has a common rural development policy, motivated by the fact that more than 90% of the entire European territory can be classified as rural and 56% of European citizens live in rural areas. Each Member State sets out a Rural Development Programme (RDP) focused on three main...