Growinpro and Philipp Schmidt-Dengler

Author Archive | Growinpro and Philipp Schmidt-Dengler


A mechanism to support SMEs in the COVID 19 crisis

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 a) profit- contingent repayment, b) limited repayment period (forgiveness), c) interest at market rates and […]

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