Artikel
The role of fiscal policy measures in mitigating the effects of the Covid-19 crisis in Germany
We use a novel methodology for modeling the socio-economic impacts of economic crisis in Germany, and apply it to estimate the impact of the Covid-19 pandemic. We estimate that German households lost more than 3 percent of their market income in 2020 due to the Covid-19 pandemic, with the effect being strongly regressive. However, the fall in market income was largely offset by the tax-benefit system, which softened the reduction in disposable income to a more modest 0.5 percent. Our study highlights the importance of shorttime work and discretionary policy measures (the Covid-19 one-off child benefit and the increase in the tax allowance for single parents) in cushioning the impact of the Covid-19 crisis. The strong income-stabilizing property of shorttime work and discretionary policy measures for low-income earners has also helped overcome a strong reduction in household demand
- Sprache
-
Englisch
- Erschienen in
-
Journal: EconPol Forum ; ISSN: 2752-1184 ; Volume: 24 ; Year: 2023 ; Issue: 5 ; Pages: 36-40
- Klassifikation
-
Wirtschaft
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Christl, Michael
De Poli, Silvia
Hufkens, Tine
Peichl, Andreas
Ricci, Mattia
- Ereignis
-
Veröffentlichung
- (wer)
-
CESifo GmbH
- (wo)
-
Munich
- (wann)
-
2023
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Christl, Michael
- De Poli, Silvia
- Hufkens, Tine
- Peichl, Andreas
- Ricci, Mattia
- CESifo GmbH
Entstanden
- 2023
Ähnliche Objekte (12)
Regional income inequality in Germany
Beyond the status quo: BRICS+ and the challenge to the G7
The reform of the EU economic governance framework, market discipline and the role of the ECB
The Single European Market: The unfinished business
Reforming the Ukrainian economy and state: The unfinished business
The effects of fighting populism on the populist dynamic
How to deal with the European energy crisis? Core challenges for the EU (introduction to the issue)
Introduction to the issue on how to reconstruct Ukraine? Challenges, plans and the role of the EU
Do school curricula matter to students in the long run? The case of teaching the theory of evolution or creationism in the United States
Introduction to the issue on BRICS enlargement: What are the geoeconomic implications?
The effects of the European Single Market on attractiveness to foreign direct investment
Introduction to the issue on climate change: Greening the economy by green finance?
Regional income inequality in Germany
Beyond the status quo: BRICS+ and the challenge to the G7
The reform of the EU economic governance framework, market discipline and the role of the ECB
The Single European Market: The unfinished business
Reforming the Ukrainian economy and state: The unfinished business
The effects of fighting populism on the populist dynamic
How to deal with the European energy crisis? Core challenges for the EU (introduction to the issue)
Introduction to the issue on how to reconstruct Ukraine? Challenges, plans and the role of the EU
Do school curricula matter to students in the long run? The case of teaching the theory of evolution or creationism in the United States
Introduction to the issue on BRICS enlargement: What are the geoeconomic implications?
The effects of the European Single Market on attractiveness to foreign direct investment
Introduction to the issue on climate change: Greening the economy by green finance?
Regional income inequality in Germany
Beyond the status quo: BRICS+ and the challenge to the G7
The reform of the EU economic governance framework, market discipline and the role of the ECB
The Single European Market: The unfinished business
Reforming the Ukrainian economy and state: The unfinished business
The effects of fighting populism on the populist dynamic
How to deal with the European energy crisis? Core challenges for the EU (introduction to the issue)
Introduction to the issue on how to reconstruct Ukraine? Challenges, plans and the role of the EU
Do school curricula matter to students in the long run? The case of teaching the theory of evolution or creationism in the United States
Introduction to the issue on BRICS enlargement: What are the geoeconomic implications?
The effects of the European Single Market on attractiveness to foreign direct investment