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Regulatory News: OSE Immunotherapeutics SA (ISIN: FR0012127173; Mnemo: OSE) (Paris:OSE)is pleased to announce the appointment of Alexis Vandier as Chief Executive Officer, effective immediately. ....
In 2009, Portugal restricted the use of fixed-term contracts by firms with over 750 employees. This column finds that while the reform was successful in reducing the number of fixed-term jobs, it did not increase the number of permanent contracts and it decreased employment in large firms. Despite positive spillovers on small firms, the reform reduced total employment and had ....
Since the Great Financial Crisis, bail-in has been introduced as an approach to address too-big-to-fail and contagion risk problems. This column uses a multi-layered network model of the European financial system to study the implication of bail-in design on financial stability. It shows that early implementation of a bail-in and stronger bank recapitalisation lead to lower ....
Jonathan Dingel, Brent Neiman By mid-December 2020, more than 65 million people globally had been infected by COVID-19 and more than 1.5 million had died from it. The human cost of the pandemic is dramatic. Its economic cost is also huge. Global GDP contracted by 10% in the first half of 2020. Over the first half of 2020, major European countries experienced drops in both output and private consumption of up to 20% (OECD 2020). Europe has been hit particularly hard by the two waves of the pandemic. Facing the prospect of seeing their health system overwhelmed, most European governments had few policy options available and resorted to partial or total lockdowns of their economies. These measures played an important role in curbing the spread of the virus, but the costs exacted in terms of employment losses on European economies are still to be quantified, as are their distributional impacts. ....