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Economic Bulletin

Eastern Germany Ahead in Employment of Women

by Elke Holst and  Anna Wieber in: DIW Economic Bulletin 11/2014 Almost a quarter of a century after the fall of the Wall, there are still more women in employment in eastern Germany than in the west. Although the disparity is marginal now, the two regions started from dramatically different levels. In 1991, immediately after reunification, the employment rate for women in western Germany ...

11.12.2014
Economic Bulletin

Greece Needs a Strategy for its Transition to an Innovation Economy

by Alexander S. Kritikos in: DIW Economic Bulletin 10/2014 Although Greece is showing initial signs of recovering from its 2008 crash, its economy continues to suffer. It has become clear that the economy will not become prosperous only by the given recommendations of the so called Troika, namely by cutting costs and public expenditures, and by making institutional reforms, as much as these steps ...

17.11.2014
Economic Bulletin

Economic Reinvention: Greece's path forward: Six Questions to Alexander Kritikos

Economic Reinvention: Greece's path forward: Six Questions to Alexander Kritikos

17.11.2014
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

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
Press Release

Sectoral Wage Development: The Key to Greater Wage Increases Lies in Manufacturing

In the past decade, wages in Germany have risen more slowly than economic performance. Year on year, average wages remained approximately 0.3 percent behind what was available in redistribution volume, given the development of production. Although there are also sectors with low wages, in which wage increases were insufficient according to this benchmark--such as the hospitality industry, construction, ...

13.08.2014
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
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
Press Release

Making the Euro Area Fit for the Future

The crisis in the European currency area is not over yet. Although the situation in the financial markets is currently relatively calm, the economic crisis appears to be bottoming out in most countries. Nevertheless, fundamental design flaws in the Monetary Union continue to exist. If these are not fully addressed, it will only be a matter of time before a new crisis hits, and a partial or complete ...

12.06.2014
Press Release

Intense Excitement until the Final Whistle - FIFA World Cup Winner More Difficult to Predict this Time Around

At the FIFA World Cup 2006, the method of using the market value of the teams ("transfer value") was first proposed as a simple and transparent basis for forecasting the outcome of a major football tournament. Indeed, the countries with players of the highest market value were world champions in 2006 and 2010 (Italy and Spain, respectively), just as the most expensive team won the European ...

11.06.2014
Economic Bulletin

Women Still the Exception on Executive Boards of Germany's Large Firms: Gradually Increasing Representation on Supervisory Boards

by Elke Holst and Anja Kirsch in: DIW Economic Bulletin 3/2014.The trend toward more women on the corporate boards of German companies continued in 2013, albeit on a small scale. The share of women on the supervisory boards of the 200 largest companies increased by more than two percentage points, and thus at a somewhat higher rate than in recent years, to just over 15 percent. The corresponding share ...

14.03.2014
Economic Bulletin

"Public Companies Could Play a Pioneering Role". Six Questions to Elke Holst

in: DIW Economic Bulletin 3/2014"Public Companies Could Play a Pioneering Role". Six Questions to Elke Holst

14.03.2014
Economic Bulletin

Financial Sector: Upward Trend in Share of Women on Corporate Boards Progressing Only in Small Steps

by Elke Holst and Anja Kirsch in: DIW Economic Bulletin 3/2014.Last year, more women were appointed to the executive boards of major financial institutions. The share of women on the executive boards of banks and savings banks at the end of 2013 was a good six percent, which represents an increase of almost two percentage points over the previous year. This increase is primarily attributable to changes ...

14.03.2014
Press Release

Fewer and Fewer Germans Working from Home

In 2012, almost five million people, or roughly 10 percent of the labor force in Germany, worked from home most or some of the time. Of these home workers, 2.7 million were employees, i.e., eight percent of the labor force. It is primarily highly qualified employees such as managers, academics, lawyers, publicists, engineers, or teachers who work from home; the majority has a university degree. However, ...

19.02.2014
Press Release

Minimum Wage: Number of Eligible Employees Well Below Five Million

In the fall of 2013, DIW Berlin presented a study on minimum wages which was based on data from the Socio-Economic Panel Study for 2011. The data for 2012 have since become available. As expected, in terms of structures for employees with gross hourly earnings of less than 8.50 euros, i.e., those expected to receive the planned minimum wage, little has changed. These include, to an above-average degree, ...

29.01.2014
Press Release

Happiness Levels in Germany higher than ever since Reunification

Today, Germany's citizens are happier on average than at any other point in time since reunification. Even though more than 20 years have passed, the average level of happiness in eastern Germany is still significantly lower than that in western Germany. This is demonstrated by the most recent long-term Socio-Economic Panel Study (SOEP) data gathered by TNS Infratest Sozialforschung in collaboration ...

21.11.2013
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