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DIW Roundup 141 / 2022
As of summer 2022, the war in Ukraine has lasted more than three months, caused the deaths of thousands of people, and ruined the lives of millions. It has impacted the world economy and affected Ukraine severely, ruining industries as well as causing massive migration, a decrease in household income, and an increase in the budget deficit and government debt. As the war continues, it will deepen the ...
2022| Nataliia Slaviuk, Tetiana Bui
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DIW Roundup 139 / 2022
Rent control is a highly debated social policy that has been omnipresent since World War I. Since 2010s, it has been experiencing a true renaissance, for many cities and countries facing housing shortage are desperately looking for solutions of the chronic housing shortage and direct their attention to controlling housing rents and to other restrictive policies. Is rent control useful or does it create ...
2022| Konstantin A. Kholodilin
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DIW Roundup 134 / 2019
Deklariertes Ziel der EZB-Geldpolitik ist primär Preisstabilität in der Eurozone. Angesichts der ernüchternden Wachstumsprognosen und des konjunkturellen Abschwungs in Europa signalisierte nun der abgehende EZB-Chef Mario Draghi weitere Schritte zur Lockerung der Geldpolitik, um anhaltend niedrige Inflationsraten zu vermeiden. Die EZB verfügt dabei über ein ganzes Spektrum konventioneller und unkonventioneller ...
2019| Jan Philipp Fritsche, Lea Steininger
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DIW Roundup 133 / 2019
When in distress, a firm may need restructuring or liquidation; in either case, legal uncertainty compounds the difficulty. Sound and efficient insolvency regimes are important as these not just positively affect investment, innovation, and economic growth, but also the supply and cost of credit. The design of appropriate insolvency frameworks in Europe is, however, still controversial. The debate ...
2019| Tatsiana Kliatskova, Loïc Baptiste Savatier
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DIW Roundup 132 / 2019
Deutschland ist, ähnlich wie seine deutschsprachigen Nachbarländer, ein Land der Mieterinnen und Mieter. Mit 51,4 Prozent ist die personenbasierte Wohneigentumsquote im Jahr 2017 im europäischen Vergleich besonders niedrig (Eurostat, 2019). In Österreich ist sie mit 55 Prozent unwesentlich höher (2017), in der Schweiz mit 42,5 Prozent niedriger (2016) (ebd.). Für diese Länderunterschiede sind in der ...
2019| Konstantin A. Kholodilin, Sebastian Kohl, Tobias Niemeyer
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DIW Roundup 129 / 2019
In the run-up to the European elections in May 2019, the European Commission is trying to advance the initiatives laid out in its action plan for a European Capital Markets Union (CMU). In order to diversify financing sources and to increase private risk sharing, the CMU aims at deepening the integration of European equity and debt markets. While there are benefits associated with more cross-border ...
2019| Justus Inhoffen
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DIW Roundup 122 / 2018
The Capital Markets Union (CMU) – an initiative of the European Commission – aims to unify and deepen capital markets across EU Member States by removing existing barriers to cross-border investment and, in particular, harmonizing financial and business regulations. However, harmonizing institutional frameworks across the EU Member States that historically have different legal traditions is difficult ...
2018| Tatsiana Kliatskova
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DIW Roundup 121 / 2018
The macroeconomic effects of exchange rate movements have been subject to an extensive debate in international economics. Traditionally, much of the discussion was focused on the relation between the effective exchange rate and the trade balance. However, the process of financial globalization has led to a sharp increase in foreign asset and liability positions across countries and also to a greater ...
2018| Pablo Anaya, Stefan Hasenclever
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DIW Roundup 120 / 2018
Recent studies have proposed several factors that determine how fiscal consolidations affect the economy. This Roundup focuses on several of these determinants. Namely, it discusses how the composition of the consolidation measure, the state of the business cycle, the level of private indebtedness and the amount of fiscal stress during which the measure is implemented influences the consequences of ...
2018| Mathias Klein
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DIW Roundup 119 / 2018
The ECB announced in October 2018 that it would begin to cut back the amount of monthly asset purchases starting January 2018 while extending the duration of the purchases until at least September 2018. At it latest Governor’s Council meeting in January 2019 it decided to remain on this track despite a sharp appreciation of the euro in the meanwhile. These steps were just two on a longer and potentially ...
2018| Daniel Privitera, Malte Rieth