March 9, 2023

Projections March 2023 (CEP 2023)

Purchasing power restored through wage growth, but more people living below the poverty line.

CEP 2023 uk-webpicture promoblock
March 9, 2023

Energy prices, the distribution of income, and the effects of wage indexation

How do increases in energy prices transmit to real economic activity and influence the distribution of income? Does it matter whether households receive capital or labor income? What are the distributional and...

March 1, 2023

Predicting Firm Exits with Machine Learning: Implications for Selection into COVID-19 Support and Productivity Growth

In this paper, we use machine learning techniques to predict whether a company would have left the market in a world without corona. These predictions show that unhealthy companies applied for support less often than healthy companies. But we also show that the COVID-19 support has prevented most exits among unhealthy companies. This indicates that the corona support measures have had a negative impact on productivity growth.