Publikationen der Abteilung Makroökonomie

Primenenie cenovoj diskriminacii na pervicnom rynke kvartir v rossii

The paper explores practical issues of using price discrimination in the markets of new apartments.First, we discuss various strategies of price discrimination which may be applied byconstruction companies to increase revenue (i. e. discrimination by observable characteristics orby self-selection). Then we suggest an approach for empirical estimation of possibility of pricediscrimination in this market, ...

Do Wealthier Households Save More? The Impact of the Demographic Factor

This paper investigates the relationship between wealth, ageing and saving behaviour of private households by using pooled cross sections of German consumption survey data. Different components of wealth are distinguished, as their impact on the savings rate is not homogeneous. On average, the effect attributed to real estate dominates the other components of wealth. In addition, the savings rate strongly ...

The Transmission of Oil and Food Prices to Consumer Prices: Evidence for the MENA Countries

This paper investigates the effects of global oil and food price shocks to consumer prices in Middle East-North African (MENA) countries using threshold cointegration methods. Oil and food price shocks increase domestic prices in the long run, whereby the impact of food prices dominates. While global prices are weakly exogenous, consumer prices respond to deviations from the equilibrium relationship. ...

The Effect of the Economic Reforms of the 1980s and the Customs Union Agreement of 1996 upon the Turkish Intra-industry Trade

In this paper, we analyse the impact of the economic reforms implemented in the 1980s and of the Customs Union Agreement of 1996 on the intra-industry trade in Turkey. We use panel data for 20 trading partners of Turkey and the sample period from 1969 until 2009. Controlling for the effects of standard determinants of intra-industry trade proposed in the literature, we find strong statistical evidence ...

Individual Risk Attitudes and the Composition of Financial Portfolios: Evidence from German Household Portfolios

This paper explores the relationship between the self-declared risk aversion of private investors and their propensity to hold incomplete portfolios of financial assets. The analysis is based on household survey data from the German Socioeconomic Panel (SOEP) that provides a reliable measure of individual attitudes toward financial risk. Our findings suggest that more risk averse households tend to ...

Die Wohnkosten steigen langfristig, aber werden gleichmäßiger verteilt

Deutschlands Bedeutung in der Weltwirtschaft: Geschichte, Gegenwart und Ausblick

Deutschland ist zurzeit die drittgrößte Volkswirtschaft der Welt. Doch die Vorstellung damit verbundener Größe ist falsch. Der deutsche Anteil an der Weltwirtschaft beträgt lediglich 4,3 %, in Kaufkraft gerechnet sogar nur 3,2 %, und er wird weiter sinken. Wirtschaftlich bedeutend sind heute allein die USA und China, Deutschland war einmal groß – vor mehr als 100 Jahren. Heute kann Deutschland nur ...

Editorial: Geopolitische Risiken und internationale Finanzmärkte

Der langfristige Anstieg der Wohnkostenbelastung und die Rolle des Staates

Gemeinschaftsdiagnose Herbst 2024: Deutsche Wirtschaft im Umbruch

The German economy has stagnated for over two years, with a slow recovery anticipated in the coming quarters. However, growth is unlikely to reach pre-COVID-19 levels anytime soon. Decarbonisation, digitisation, demographic changes, and heightened competition from China are dampening growth prospects. GDP is projected to decline by 0.1 % in 2024, with increases of 0.8 % and 1.3 % in the subsequent ...