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SAFE: via Zoom – 8th Frankfurt Conference on Financial Market Policy The Coronavirus Crisis: Lessons for Finance? – The Corona Pandemic and Household Consumption: How Should an Effective Stimulus Package Look Like?
Mittwoch, 02.12.2020 -12:00 - 13:30
The 8th edition of our Frankfurt Conference on Financial Market Policy will take place virtually as a series of online events between 17 November 2020 and 9 December 2020. The events will discuss the lessons and implications of the ongoing pandemic crisis for finance from different angles.
Maarten Dossche (European Central Bank)
Philipp Mohl (European Commission)
Michael Weber (University of Chicago)
Introduction and Moderation:
Andreas Hackethal (Leibniz Institute SAFE and Goethe University)
Alexander Ludwig (Goethe University)
Consumption stimuli packages vary considerably across countries and come in various forms, such as VAT-cuts, extended unemployment benefits, assistance to businesses, public investments or direct cash transfers. Recent results from a large-scale household survey in Germany cast doubt whether these measures are effective in stimulating demand. Against this background, the panel discusses the learnings from recent international efforts to boost domestic consumption and how these learnings might inform any future stimulus measures. Which type works best? How should stimulus packages be designed to assure a long-lasting, successful and sustainable economic recovery?