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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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Report
Guest Comment by Marcel Fratzscher in: Financial Times (10th of June 2013) On Tuesday, the conflict between the European Central Bank and the Bundesbank will turn into a showdown before the German constitutional court on the legality of eurozone policy decisions. No matter how the court eventually rules, the case is straining a difficult relationship. It is time to defuse this eurozone time bomb. ...
12.06.2013
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Report
Verena Grass has been granted a scholarship from the Foundation of German Business (sdw) retroactively to May 1. The Dean of the GC, Prof. Lütkepohl, congratulates her on her success!
04.06.2013
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Report
Members of the research group "Resource markets and policies" strengthened their cooperation with the Technical University of Norway (NTNU) in Trondheim with a visit in May 2013. Dr. Franziska Holz, Daniel Huppmann and Philipp M. Richter are researchers i.a. in the project RESOURCES and study the interactions of fossil energy resource markets and climate policies. One major focus of their ...
29.05.2013
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Report
This year's application process for the Graduate Center is completed and the successful candidates have received an offer. Due to the large number of extremely well qualified applications decision making was far from easy. We regretfully had to reject many very promising candidates. We are grateful to everyone who expressed his/her interest and confidence in our program by submitting an application. ...
22.05.2013
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Report
Our user community is growing constantly in a number of research fields, which is a very positive development for us! In order to meet the high demand for training and information about the data, we try to hold as many regular user workshops and data use seminars as possible. This year, we will be offering three more open workshops for our users. The Datalab Workshop at the University of Bielefeld, ...
16.05.2013
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Economic Bulletin
By: Daniel Schnitzlein in: DIW Economic Bulletin 05/2013. For many years, securing equal life opportunities has been a normative goal shared by all democratic societies in the western world. Although, in principle, all citizens enjoy the same rights, in reality, individual life opportunities still vary according to family background which, in turn, shapes the prevailing pattern of social inequality. ...
13.05.2013
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Economic Bulletin
in: DIW Economic Bulletin 05/2013 "In Germany, Equal Opportunities Are Almost as Bad as in the US and Much Worse Than in Denmark". Nine Questions to Daniel Schnitzlein
13.05.2013
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Economic Bulletin
By: Marco Giesselmann, Richard Hilmer, Nico A. Siegel, Gert G. Wagner in: DIW Economic Bulletin 05/2013.Plenty of people in Germany, including politicians and researchers, believe that gross domestic product (GDP) is an outdated indicator of a society’s prosperity. Therefore, at the end of 2010, the German Bundestag, the federal parliament, established a study commission (Enquete Kommission) ...
13.05.2013
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Report
Following a series of food scandals, consumer confidence in the industry has been shaken. However, criticism has not only been directed at the industry itself, but also at the providers of quality seals who were so quick to certify the products. There are increasing calls for improved transparency and, with regard to organization and the rules of certification, more transparency does indeed make ...
08.05.2013
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Press Release
Youth unemployment in Germany has fallen to its lowest level since German reunification. Between 2005 and 2012, unemployment among under 25 year olds has more than halved. By international standards, Germany is in an exceptionally good position. Nowhere in Europe is youth unemployment lower. However, this is not so much due to structural improvements or positive labor market growth than to demographic ...
08.05.2013
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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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Report
42 German economists and social scientists are asking Chancellor Merkel to dedicate more attention to the European emissions trading scheme. It is of fundamental economic importance to European climate policy and the German energy transition. In its current form, the European emission trading scheme is not able to fulfill its guidance and steering functions. Urgent action is needed. To read the English ...
29.04.2013
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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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Comment
The German Bundestag’s Study Commission on Growth, Wellbeing, and Quality of Life completed its work (Final Report Part1 & Part 2). Contrary to public expectations and media commentary, the Commission achieved its main goal: to relativize the importance of economic indicators, most prominently gross domestic project (GDP), in the public and political discussion. The Study Commission ...
22.04.2013
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Press Release
The German economy will experience significantly stronger growth up to 2017 than it has in the past five years. Economic growth will increasingly be driven by domestic demand, and job creation will continue. In the medium term, there will be increasing surpluses in public budgets; in 2017, these will reach almost 28 billion euros. At the beginning of the projection period - as in recent years ...
16.04.2013
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Report
EU governments need to convince their citizens that reforms are necessary, says Marcel Fratzscher in: Financial Times (10th of April 2013) The most terrifying words in the English language, according to Ronald Reagan, are: “I’m from the government and I’m here to help.” Today, for some Europeans, they are: “I’m from the EU and I’m here to bail you out.” ...
15.04.2013
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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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Economic Bulletin
By: Heike Belitz, Alexander Eickelpasch, Anna Lejpras in: DIW Economic Bulletin 04/2013. The innovation policy of the German government and Länder provides small and medium-sized enterprises (SMEs) with a wide range of programs to promote their research and development (R&D) and focuses, in particular, on the transfer of knowledge. In recent years, the programs have been streamlined and ...
12.04.2013