{"id":54639,"date":"2023-12-01T18:24:54","date_gmt":"2023-12-01T17:24:54","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/ein-mechanismus-zur-unterstuetzung-von-unternehmen-in-der-covid-19-krise\/"},"modified":"2024-11-07T06:17:15","modified_gmt":"2024-11-07T05:17:15","slug":"ein-mechanismus-zur-unterstuetzung-von-unternehmen-in-der-covid-19-krise","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/54639\/","title":{"rendered":"A Mechanism to Support Companies in the COVID-19 Crisis"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-54639","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"We propose a mechanism \"profit-contingent repayable grants\" to support SMEs in the COVID-19 crisis. We argue that the mechanism can be implemented quickly, in a targeted way and with low administrative costs. The mechanism is characterised by profit-contingent repayment, limited repayment period (forgiveness), interest at market rates and administration by the tax authorities. Such a mechanism can provide an equity-like support for many SMEs that is both efficient and fiscally prudent. Finally, potential problems of the mechanism are discussed.","onlinedate":"2020-06-06 12:00:00","lang":"German","publication_series":"","publication_date":"20200601","publication_date_year":"","publication_date_full":false,"publication_num_pages":"11","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":382828,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"7","journal":"WIFO Research Briefs","publisher":"","invisible":false,"external":false,"embargo_date":"2020-06-06 12:00:00","types":[44390],"research_groups":[3491],"collaboration":"","persons":[3607,4979],"persons_data":"[{\"personId\":3607,\"personName\":\"Werner H\u00f6lzl\",\"organisationNames\":[]},{\"personId\":4979,\"personName\":\"Philipp 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