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Economic Bulletin
in: DIW Economic Bulletin 08/2013"Germany's Big Weakness is a Lack of Investment." Seven Questions to Marcel Fratzscher
09.08.2013
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Economic Bulletin
By: Karl Brenke in: DIW Economic Bulletin 07/2013. Youth unemployment in Germany has fallen to its lowest level since reunification. Between 2005 and 2012, unemployment among under 25 year olds has more than halved. By international standards, Germany is in an exceptionally strong position. Nowhere in Europe is youth unemployment lower. However, this is not so much due to structural improvements or ...
12.07.2013
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Economic Bulletin
in: DIW Economic Bulletin 06/2013"Separated Banking System Not Enough" Seven Questions to Dorothea Schäfer
17.06.2013
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Economic Bulletin
By: Benjamin Klaus and Dorothea Schäfer in: DIW Economic Bulletin 06/2013. Many banks are now too big, complex, and closely interconnected to be liquidated. When they run into difficulties, they threaten the entire financial system of their economic area. Five years of financial crisis have not alleviated but exacerbated this problem. The cost of stabilizing banks is enormous, posing serious challenges ...
17.06.2013
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Economic Bulletin
By: Christian Dreger and Konstantin A. Kholodilin in: DIW Economic Bulletin 06/2013. When speculative price bubbles on real estate markets burst, the effects for the real economy are often devastating taking the form of substantial losses in production and employment. This paper discusses the degree to which institutional frameworks can prevent speculative bubbles from emerging and expanding. Comparing ...
17.06.2013
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Press Release
Many banks are now too big, complex, and closely networked to be wound up. When they get into difficulties, they threaten the entire fi-nancial system of their economic area. Five years of financial crisis have not alleviated but exacerbated this problem. The cost of stabilizing banks is enormous, posing serious challenges for the states affected. In addition, such state guarantees create dangerously ...
02.05.2013
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Press Release
When speculative price bubbles on real estate markets burst, the results are often distortions in the real economy, associated with substantial losses in production and employment. This paper discusses the degree to which institutional frameworks can prevent speculative bubbles from forming and expanding. Comparing experiences in different countries, it shows that in Germany institutional regulations ...
24.04.2013
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Economic Bulletin
By: Dorothea Schäfer in: DIW Economic Bulletin 04/2013. The sustainability of the financial markets is a requirement that has only appeared on the economic policy agenda very recently, whereas a stable financial system has been a declared goal for decades. The relationship between sustainability and stability is, however, still unclear. The two terms are often used synonymously but stability ...
12.04.2013
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Press Release
Since last year, Germany has not even been runner-up in visible exports. It has been overtaken by China, and now the US, on the list of the most prolific global exporting nations. But does this mean losing more than just an attention-grabbing title? Are exports becoming less important to Germany? A closer look at structures and trade patterns shows that in fact the opposite is true. Exports have never ...
06.03.2013
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Economic Bulletin
By: Kerstin Bernoth and Philipp Engler in: DIW Economic Bulletin 01/2013. With the crisis in the euro area, the issue of the institutional structure of the monetary union has gained in significance. One problem with regard to the longer-term stability of the euro area is the absence of mechanisms to adequately absorb asymmetric cyclical shocks in the individual member states. Such an instrument is ...
04.01.2013
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Economic Bulletin
German Cities To See Further Rises in Housing Prices and Rents in 2013By: Konstantin A. Kholodilin and Andreas Mense in: DIW Economic Bulletin 12/2012.Over the past few years, prices and rents for flats went up in most German cities. This trend is expected to continue in 2013. Berlin, Hamburg, Munich, and Frankfurt am Main will still see the highest increases in property prices and rents. In these ...
10.12.2012
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Press Release
Abstract:
09.11.2012
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Economic Bulletin
Need for Reform of EU Banking: Decoupling the Solvency of Banks and SovereignsBy: Johannes Pockrandt and Sören Radde in: DIW Economic Bulletin 11/2012.Recent developments in Ireland, Greece, and Spain have shown that sovereign debt crises endanger the solvency of domestic banking sectors, while banking crises in turn endanger the solvency of the domestic sovereigns. This diabolic loop between ...
02.11.2012
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Report
Abstract:With the crisis in the euro area, the issue of the institutional structure of the monetary union has gained in significance. One problem with regard to the longer-term stability of the euro area is the absence of mechanisms to adequately absorb asymmetric cyclical shocks in the individual Member States. Such an instrument is essential in order to be able to implement a unified monetary policy ...
31.10.2012
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Press Release
Recent developments in Ireland, Greece, and Spain have shown that sovereign debt crises endanger the solvency of domestic banking sectors, while banking crises in turn endanger the solvency of the domestic sovereign. This vicious circle between government and bank solvency is exacerbated by the home bias in banks’ government bond portfolios, that is, the banks' excessive exposure to domestic ...
17.10.2012
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Report
Abstract: The construction or expansion of an airport leads to a significant increase in aircraft noise in the surrounding area, which, in turn, results in a marked reduction in the prices of houses or apartments located under the planned flight paths. Even expectations about future noise pollution can significantly reduce real estate prices in the affected areas. The present study estimates the effects ...
12.09.2012
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Economic Bulletin
"Spreading the Risk" Nine Questions to Claudia Kemfert and Dorothea Schäfer
07.09.2012
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Economic Bulletin
Financing the Energy Transition in Times of Financial Market InstabilityBy: Claudia Kemfert and Dorothea Schäfer in: DIW Economic Bulletin 9/2012.One of the most pressing public priorities in Germany at present is how to organize the energy transition. However, the cost of stabilizing the financial sector as well as the fiscal pact and the debt brake mean that the government has limited financial ...
07.09.2012
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Report
Abstract: With China’s economic integration a new growth center capable of having a decisive influence on the global economy has emerged. Thus, strong increases in production in China could help to bolster the flagging economies of the industrialized world. This article will analyze the extent to which China already determines macroeconomic growth in the euro area and the US today. It considers ...
15.08.2012
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Report
Abstract: One of the most pressing public priorities in Germany at present is how to organize the transformation of the energy system. However, the cost of stabilizing the financial sector as well as the fiscal pact and the debt brake mean that the state has limited financial resources. Consequently, the availability of private capital, whether it is in the form of equity or debt, is becoming a decisive ...
01.08.2012