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159 results, from 21
  • Weekly Report

    Italy Must Foster High Growth Industries

    by Stefan Gebauer, Alexander S. Kritikos, Alexander Kriwoluzky, Anselm Mattes and Malte Rieth Italy has yet to recover from the economic consequences of the financial and sovereign debt crisis that began more than a decade ago. In addition to losing 1.4 million jobs across the manufacturing and construction sectors, new industries driving growth across the EU, such as knowledge-intensive services, ...

    27.02.2019| Stefan Gebauer, Alexander S. Kritikos, Alexander Kriwoluzky, Malte Rieth
  • Report

    Call for papers Quarterly Journal of Economic Research 4-2019: Debt – Blessing or Curse?

    More than ten years after the outbreak of the Great Financial Crisis and almost ten years since the beginning of the European sovereign debt crisis, questions about the opportunities and risks of debt and debates about debt brakes have remained acute. Debt is the driving force behind investment, economic growth and prosperity: without the indebted­ness of private households, companies and governments, ...

    29.01.2019| Dorothea Schäfer
  • Weekly Report

    Global Economy and the Euro Area: Uncertainty Weighs on Trade and Investment: DIW Economic Outlook

    By Claus Michelsen, Dawud Ansari, Guido Baldi, Geraldine Dany-Knedlik, Hella Engerer, Stefan Gebauer, Malte Rieth, and Aleksandar Zaklan The global expansion weakened somewhat in the third quarter while the downside risks have increased. DIW Berlin’s forecast—almost unchanged—indicates an expansion in global economic production of 4.3 percent for 2018 and 3.9 percent for 2019. In ...

    18.12.2018| Dawud Ansari, Guido Baldi, Geraldine Dany-Knedlik, Stefan Gebauer, Claus Michelsen, Malte Rieth, Aleksandar Zaklan
  • Weekly Report

    Growth Rate of German Economy Normalizing after Prolonged Economic Boom: DIW Economic Outlook

    By Claus Michelsen, Christian Breuer, Martin Bruns, Max Hanisch, Simon Junker, and Thore Schlaak The German economy continues to perform well although the boom has ended. However, at 1.5 percent, German GDP will increase this year at a lower rate than expected at the beginning of the year. Nevertheless, concerns about an imminent recession should give way to the assessment that the pace of the German ...

    18.12.2018| Martin Johannes Bruns, Max Hanisch, Simon Junker, Claus Michelsen, Thore Schlaak
  • Weekly Report

    EU government bonds and banks: home bias pervasive throughout member states but capital requirements differ greatly

    By Dominik Meyland and Dorothea Schäfer The current banking regulatory framework assigns EU government bonds a risk weight of zero. Since the European debt crisis, there has been increasing controversy over eliminating this equity capital privilege, which is viewed as contributing to the close relationship between state and bank risks. This report analyses the development of home bias—the ...

    11.12.2018| Dorothea Schäfer
  • Nachrichten

    Rental market regulation over the last 100 years in an international comparison

    by Konstantin Kholodilin, Jan Philip Weber und Steffen Sebastian  Residential rental markets regulations have become an integral part of everyday life in Germany as in almost all other countries. The strong house price and rent increases over the past decade have fueled social debate on this issue. Tenant movements worldwide are demanding tighter regulations and advocating for affordable housing ...

    07.11.2018| Konstantin A. Kholodilin
  • Weekly Report

    A sustainable development of inflation in euro area requires continuously improving labor market

    In the past five years, the inflation in the euro area has been well below the European Central Bank’s (ECB) aimed inflation rate of close to but below two percent for achieving its objective of price stabilization in the medium term. The present analysis shows that expectations of low inflation, rising cyclical unemployment, and external factors such as low crude oil prices were responsible. ...

  • Weekly Report

    Policy Responses to Turkey’s Crisis: Independent Central Bank and International Credit

    The presently tenuous situation in Turkey will worsen if the government does not take appropriate policy action. In view of foreign investors’ loss of confidence, the cost of external financing is likely to rise while consumption and investment will fall, and the Turkish lira would depreciate further. The influx of foreign capital would dry up as well. Conservative estimates show that the country’s ...

    19.09.2018| Alexander Kriwoluzky, Malte Rieth
  • Personnel news

    Annika Schnücker has successfully defended her dissertation

    Annika Schnücker, who works at the Macroeconomics department, has successfully defended her dissertation at the Freie Universität Berlin. The dissertation with the title "Model Selection for Panel Vector Autoregressive Models" was supervised by Prof. Dr. Helmut Lütkepohl (DIW Berlin, Freie Universität Berlin) and Prof. Dr. Dieter Nautz (Freie Universität Berlin). We ...

  • Report

    Call for Papers: Quarterly Journal of Economic Research 1/2019

    „Future of capital funded old age provision in Germany – sovereign wealth funds versus individual retirement accounts“Editors: Timm Bönke, Markus M. Grabka and Carsten SchröderIn May 2018, the German Federal Ministry of Labour and Social Affairs duly convened the pension commission “reliable inter-generational contract (Verlässlicher Generationenvertrag)”. ...

    09.07.2018| Markus M. Grabka, Carsten Schröder
  • Weekly Report

    The global economy and the euro area: Increased uncertainty is dampening growth

    The political conditions for growth are currently dominated by increased uncertainty; this is particularly weighing on investment activity and slowing down the global economy. DIW Berlin is lowering its forecast slightly for this year and the next to 4.1 percent and 3.9 percent, respectively. However, global expansion appears to remain intact. In developed economies, primarily the good labor market ...

    15.06.2018| Stefan Gebauer, Malte Rieth
  • Weekly Report

    A stabilization fund can make the euro area more crisis-proof

    Reorganizing European fiscal policy is a main topic in current reform considerations. In particular, the creation of a European stabilization mechanism is being discussed. This study examines the macroeconomic effects of a stabilization fund, the economic consequences of which are analyzed in an equilibrium model. The model shows that a stabilization fund reduces economic fluctuations and is thus a ...

    06.06.2018| Marius Clemens, Mathias Klein
  • Report

    Call for Papers: Vierteljahrsheft zur Wirtschaftsforschung (Quarterly Journal of Economic Research)

    European banking landscape between diversity, competition and concentration In ecology, bio-diverse systems are considered to be particularly resilient. Biodiversity increases the ability to absorb shocks as well as the likelihood of returning to stable conditions without external interventions. Shock absorption is also essential to the banking system (Haldane & May 2011). Thus, it is worth examining ...

    24.04.2018| Dorothea Schäfer
  • Weekly Report

    New government prolongs German economic upswing: Editorial

    According to DIW Berlin estimates, the German economy should grow by 2.4 percent this year and 1.9 percent the following year. The GDP growth forecast has thus increased by 0.2 percentage points for this year compared to December and by 0.3 percentage points for the coming year. This primarily reflects the new fiscal policy framework resulting from the coalition agreement between the three parties ...

    19.03.2018| Claus Michelsen
  • Weekly Report

    The global economy and the Euro area: expansion continues but is losing momentum

    The global economy is likely to grow by over four percent this year and somewhat less next year. DIW Berlin has slightly raised its forecast for both years. Developed economies as well as emerging markets are experiencing an upturn; however, growth rates are likely to be slightly lower in the future. One reason for the sound global economy is the fact that the labor market situation is steadily improving, ...

    19.03.2018| Claus Michelsen
  • DIW focus

    Low interest rate environment amplifies negative effects of austerity policy

    Large-scale fiscal consolidations and the implementation of structural reforms should help southern European countries resolve the crisis. But recent studies indicate that in conjunction with the low interest rate in the euro area, the austerity measures that has been imposed could have the opposite effect, leading to an increase in sovereign debt and economic slowdown. For this reason, a more...

    22.01.2018| Mathias Klein
  • Press Release

    Expansive monetary policy: Early exit from bond purchase program could reduce GDP growth and inflation in the euro area

    The following study from DIW Berlin examines the effects of different exit scenarios from the European Central bank’s bond purchase program on the European economy – exiting early would especially depress the inflation rate What if the ECB were to reduce its bond purchase program by more than what it reported at the end of October? What if it reduced its bond holdings quicker or earlier? ...

  • Report

    Vierteljahrsheft zur Wirtschaftsforschung: „EU Capital Markets Union: an alluring opportunity or a blind alley? The macro-perspective: CMU and risk-sharing“

    Fostering cross-country risk-sharing via capital markets is a central macroeconomic objective of the Capital Markets Union. Risk-sharing means that individuals, firms or public-sector authorities, located in a region or country suffering from a temporary and idiosyncratic economic shock, would be able to compensate the regional output gap (i. e., lack of aggregate demand, increasing unemployment and ...

    10.11.2017| Dorothea Schäfer
  • Report

    Vierteljahrshefte zur Wirtschaftsforschung: „EU Capital Markets Union: an alluring opportunity or a blind alley? Concept and microperspectives of CMU“

    On September 30, 2015, the European Commission adopted an action plan to create a European Capital Markets Union (CMU). The chief purpose was to ease the access of small and medium-sized companies as well as start-ups to funds, in particular through raising funds in public capital markets. CMU should also create an environment conducive to long-term, sustainable investment, including in infrastructure. ...

    26.10.2017| Dorothea Schäfer
  • Economic Bulletin

    The world economy and the euro area: broad-based upswing

    This year and next, global GDP will grow more strongly than expected. The growth rate should be just under four percent. In developed economies, the continuing improvement in the job market situation will drive consumption. Corporate investment activity will also gain momentum. Over the forecast horizon, a slowly rising inflation rate and somewhat tighter monetary policy will gradually slow private ...

159 results, from 21