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Personnel news
Khalid ElFayoumi, who works at the Macroeconomics department, has successfully defended his dissertation at the Freie Universität Berlin.The dissertation with the title "Heterogeneity in Macro-Finance: The Role of Disaggregate Dynamics in Aggregate Fluctuations" was supervised by Prof. Dr. Helmut Lütkepohl (DIW Berlin, Freie Universität Berlin) and Prof. Marcel Fratzscher, Ph.D. ...
11.07.2019
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Press Release
DIW Berlin expects GDP growth of 0.9 percent for 2019 and 1.7 percent for 2020 – Overall picture remains unchanged: domestic economy is supporting growth, foreign business is subdued - Unemployment continuing to decline - Trade war poses serious risks for the German economy - Municipal finances in need of restructuring
As of early summer 2019, the German economy is a little weaker than in 2018, but ...
13.06.2019
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Personnel news
Daniel Bierbaumer, who worked at the Macroeconomics department, has successfully defended his dissertation at the Humboldt-Universität zu Berlin.The dissertation with the title "Commodity Pricing, Credit and Capital Flows: The Role of Financial Intermediaries" was supervised by Prof. Marcel Fratzscher, Ph.D. (DIW Berlin, Humboldt-Universität zu Berlin) and Prof. Dr. Florentine Schwark ...
03.06.2019
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Weekly Report
by Jan Philipp Fritsche and Patrick Christian Harms
Twenty years after the introduction of the euro, this Weekly Report uses an empirical analysis to assess the performance of monetary policy in the EMU founding states. It is often claimed that the monetary policy of the European Central Bank (ECB) cannot outperform its national predecessors, as the euro area countries experience different business ...
15.05.2019| Jan Philipp Fritsche
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Press Release
Around 20 DIW Berlin economists present solutions to European challenges - Uniform conditions can make the EU more resilient - Better incentive systems ensure more convergence - Europe must be united in countering global economic risks such as the US tariff dispute
Growth and progress towards equal living conditions across the European Union continues, but the crises of recent years have shown that ...
02.05.2019
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Weekly Report
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
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Report
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
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Weekly Report
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
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Weekly Report
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
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Weekly Report
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
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Nachrichten
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
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Weekly Report
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. ...
24.10.2018
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Weekly Report
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
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Personnel news
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 ...
17.07.2018
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Report
„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
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Weekly Report
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
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Weekly Report
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
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Report
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
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Weekly Report
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
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Weekly Report
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