Das DIW Berlin prognostiziert für die deutsche Wirtschaft für 2011 ein Wachstum von 2,7 Prozent, im Jahr 2012 dürfte der Zuwachs noch 1,4 Prozent betragen. Besonders im ersten Vierteljahr 2011 dürfte bei der Wirtschaftsleistung ein deutliches Plus von knapp einem Prozent gegenüber dem Schlussquartal 2010 zu Buche stehen, wobei hier auch Nachholeffekte im Bausektor eine Rolle spielen. Die Industrie ...
By estimating a staggered price model over the period 1980q1-2010q2, this paper documents that, after the euro changeover, Italian retailers have increased the number of price adjustments, which has translated into a higher inflation rate, with a detrimental effect on the competitiveness of the Italian economy.
Using OECD Composite Leading Indicators (CLI), we assess empirically whether the ability of the country-specific CLIs to predict economic activity has diminished in recent years, e.g. due to rapid advances in globalisation. Overall, we find evidence that the CLI encompasses useful information for forecasting industrial production, particularly over horizons of four to eight months ahead. The evidence ...
Within EUSECON, one research subproject investigates the relationship between economic downturns, terrorism and electoral outcomes. The analysis is carried out using data from Spain. Recent Spanish democratic history has witnessed four complete economic cycles, with deep recessions and pronounced booms. During this period, there has been a nationalistic conflict with terrorist manifestation. This research ...
Decarbonisation of energy and transport infrastructure requires significant private sector investments. The natural gas industry has demonstrated such large scale private sector infrastructure investment over the last decades, typically using long-term contractual arrangements. Are therefore institutional frameworks necessary that facilitate long-term contracting or provide regulation reassuring about ...
