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163 results, from 81
  • Press Release

    ECB bond-buying program is not a universal weapon against deflation — Coordinated monetary, fiscal, and structural policies are imperative

    DIW Berlin examined the preconditions and probable effects of the quantitative easing in the euro area, and compared it to similar programs in other countries. The bottom line: Although there is heavy pressure on the ECB to take action, monetary policy should not remain isolated.According to the German Institute for Economic Research (DIW Berlin), the European Central Bank’s (ECB) asset purchase ...

    25.03.2015
  • Interview

    "ECB Bond Purchases: No Panacea for Deflation." Seven Questions to Kerstin Bernoth and Philipp König

    The Interview with Prof. Dr. Kerstin Bernoth and Dr. Philipp König is published in DIW Economic Bulletin 13/2015. It is available for Download as pdf document. More issues of DIW Economic Bulletin

    25.03.2015
  • Press Release

    The German economy is growing strongly — no signs of overheating

    DIW economic experts are forecasting a growth of 2.2 percent in 2015, which should stand at 1.9 percent in 2016 - capacity utilization at nearly normal levels - foreign markets less important than before the crisis - primary growth driver is private consumption based on a good labor market - surpluses in public budgets remain high - international risks remain significant The German economy, which ...

    19.03.2015
  • Economic Bulletin

    Reunification - An Economic Success Story

    by Karl Brenke, Marcel Fratzscher, Markus M. Grabka, Elke Holst, Sebastian Hülle, Stefan Liebig, Maximilian Priem, Anika Rasner, Pia S. Schober, Jürgen Schupp, Juliane F. Stahl, Anna Wieber in: DIW Economic Bulletin 11/2014 People’s expectations after the fall of the Berlin Wall 25 years ago and of reunification in 1990 were huge. The government promised to create “flourishing ...

    11.12.2014
  • Economic Bulletin

    Fiscal Devaluation: Economic Stimulus for Crisis Countries in the Euro Area

    by  Kerstin Bernoth, Patrick Burauel and Philipp Engler in: DIW Economic Bulletin 10/2014 Member countries of the euro area, and the peripheral states in particular, face an especially difficult problem: on the one hand, they urgently need stronger economic growth to reduce high debt and unemployment levels. On the other hand, however, they have no scope to use fiscal policy to stimulate ...

    17.11.2014
  • Economic Bulletin

    Debt Restructuring in the Euro Area: How Can Sovereign Debt Be Restructured more Effectively?

    by  Christoph Große Steffen and Julian Schumacher in: DIW Economic Bulletin 10/2014 The International Monetary Fund (IMF) stated in spring of this year that a more timely restructuring of Greece’s sovereign debt would have been beneficial. But what are the available options for early debt restructuring? The report argues that current reforms in the Euro area, in particular, introducing ...

    17.11.2014
  • Economic Bulletin

    Safe Bonds for the European Monetary Union: Strengthening Bailout Ban with More Robust Financial System

    by  Philipp Engler and Christoph Große Steffen in: DIW Economic Bulletin 10/2014 The cost of state bankruptcy in the euro area is incalculable due to the repercussions for the financial system. As a result of contagion effects, there is a risk that the entire Monetary Union could be pushed into deep recession. This forces euro area member states to implement rescue packages during ...

    17.11.2014
  • Economic Bulletin

    Making the Euro Area Fit for the Future

    by Ferdinand Fichtner, Marcel Fratzscher, Maximilian Podstawski, Dirk Ulbricht in: DIW Economic Bulletin 9/2014 The crisis in the European currency area is not yet over. Although the situation in the financial markets is currently relatively calm, the economic crisis appears to be bottoming out in most countries. Nevertheless, there are still fundamental design flaws in the Monetary Union. If ...

    06.11.2014
  • Economic Bulletin

    Stabilizing the European Monetary Union: High Time for More Reforms! Seven Questions to Ferdinand Fichtner

    Stabilizing the European Monetary Union: High Time for More Reforms! Seven Questions to Ferdinand Fichtner

    06.11.2014
  • Economic Bulletin

    The European Central Bank as Lender of Last Resort

    by Gerhard Illing and Philipp König in: Economic Bulletin 9/2014 In the wake of the recent European debt crisis, the European Central Bank (ECB) has grown significantly in importance. As the crisis worsened, the ECB needed to take measures that went far beyond standard monetary policy operations - particularly with respect to its function as lender of last resort. It provided the banking sector ...

    06.11.2014
  • Economic Bulletin

    Banking Union and Bank Regulation: Banking Sector Stability in Europe

    by Franziska Bremus and Claudia Lambert in: Economic Bulletin 9/2014 Despite the most recent period of calm on the financial markets, the long-term resilience of the European financial system is not yet assured, even several years after the financial crisis began. However, the stability of the financial system playsa crucial role for real economic development and consequently for growth and prosperity. ...

    06.11.2014
  • Economic Bulletin

    GDP-Linked Loans for Greece

    by Marcel Fratzscher, Christoph Große Steffen, Malte Rieth in: Economic Bulletin 9/2014 Greece is standing at a crossroads. The need for a third rescue package has now become a critical issue. The Greek government is calling for another de facto-public debt restructuring. An alternative option presented here would be to convert existing GLF loans into GDP-linked loans. Interest payments ...

    06.11.2014
  • Press Release

    Inflation Expectations in the Euro Area No Longer Firmly Anchored - Monetary Policy Responses of the ECB

    Although the European Central Bank (ECB) has been pursuing an expansionary monetary policy course for many years, inflation in the euro area remains extremely weak. Furthermore, as the present Wochenbericht clearly demonstrates, the inflation expectations in the euro area are no longer firmly anchored. Expectations are becoming increasingly decoupled from the ECB's inflation target which, in turn, ...

    10.09.2014
  • Economic Bulletin

    Europe Needs To Further Diversify Its Gas Imports: Seven Questions to Claudia Kemfert

    Europe Needs To Further Diversify Its Gas Imports: Seven Questions to Claudia Kemfert

    15.08.2014
  • Press Release

    GDP-Linked Loans for Greece

    Greece finds itself at the crossroads. There is the imminent question if Greece should apply for a third public support programme. Government officials are confronting European partners with new calls for a de facto haircut on its outstanding debt. Another option would be to swap existing loans from the European support programs into GDP-linked loans. As a result, interest payments would be linked ...

    30.07.2014
  • Press Release

    Migration in the European Union

    The mobility of the labor force within the European Union - measured as the proportion of EU foreigners in EU-15 countries to the total EU labor force - increased by approximately one-quarter to almost 3.1 percent from 2007 to 2012. This is primarily due to increased migration of persons from the new eastern European EU member states such as Poland and Romania and, to a lesser degree, due to increased ...

    23.07.2014
  • Press Release

    Growing Out of the Crisis: DIW Berlin Proposes European Investment Fund

    An investment fund should temporarily improve the capital stock of small and medium-sized enterprises as part of a comprehensive agenda - In the euro area, there is an annual investment gap of approximately two percent of GDP or 180 billion euros - Many sectors both in the manufacturing and service industries are showing signs of a significant lack of investment, especially the energy sectorThe German ...

    03.07.2014
  • Economic Bulletin

    "We Need to Give Impetus to the Private Sector": Six Questions to Marcel Fratzscher

    "We Need to Give Impetus to the Private Sector": Six Questions to Marcel Fratzscher

    03.07.2014
  • Economic Bulletin

    Europe’s Investment Slump: Five Questions to Claus Michelsen

    Europe’s Investment Slump: Five Questions to Claus Michelsen

    03.07.2014
  • Press Release

    The Upturn Continues

    The German economy is expected to grow by 1.8 percent in 2014, keeping that pace in 2015, at a rate of two percent. GDP is expected to grow during the forecast period at rates only slightly above the trend; the slight under-utilization will therefore decrease correspondingly slowly. Inflation remains weak. Global economic growth was weaker at the start of the year. In both the industrialized and emerging ...

    17.06.2014
163 results, from 81
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