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Press Release

Joint Economic Forecast: Crisis is gradually being overcome – align actions to lower growth

The Corona pandemic still shapes the economic situation in Germany. A complete normalisation of contact-intensive activities is not to be ex­pected in the short term. In addition, supply bottlenecks are ham­pering manufacturing for the time being. The German economy will reach nor­mal capacity utilisation in the course of 2022. In their autumn report, the leading economic research institutes ...

14.10.2021
Workshop

Masterclass – The Role of Memory in Economics and History

How are individual and collective memories of extreme economic moments produced in a community? How do these memories translate into the political economy and shape the realm of possibility of macroeconomic policies? Why is some statistical data and economic policy represented more factual than other in the historical narration of national economies? How do some economic indicators become more...

06.04.2022| Ute Röschenthaler, Mainz University
Press Release

Pandemic delays upswing – Demography slows growth

In their spring report, the leading economic research institutes forecast an increase in gross domestic product of 3.7 percent in the current year and 3.9 percent in 2022. The renewed shutdown is delaying the economic recovery, but as soon as the risks of infection, particularly from vaccination, have been averted, a strong recovery will begin. The economy is likely to return to normal output levels ...

15.04.2021
Press Release

Joint Economic Forecast: From Pandemic to Energy Crisis: Economy and Politics under Permanent Stress

The German economy is steering through difficult waters and faces the highest inflation rates in decades. In their spring report, the leading German economic research institutes revise their outlook for this year significantly downward. The recovery from the COVID-19 crisis is slowing down as a result of the war in Ukraine, but remains on track. The institutes expect GDP to increase by 2.7 and 3.1 ...

13.04.2022
DIW Weekly Report 23/24 / 2021

German Economy with Delayed Recovery; Industry in a Tight Spot: Editorial

2021| Claus Michelsen, Guido Baldi, Marius Clemens, Geraldine Dany-Knedlik, Hella Engerer, Marcel Fratzscher, Max Hanisch, Simon Junker, Laura Pagenhardt, Sandra Pasch
DIW Weekly Report 11 / 2021

German Economy Stuck in Stop-Go Situation: Editorial

2021| Claus Michelsen, Guido Baldi, Paul Berenberg-Gossler, Marius Clemens, Geraldine Dany-Knedlik, Hella Engerer, Marcel Fratzscher, Max Hanisch, Simon Junker, Konstantin A. Kholodilin, Laura Pagenhardt
Externe referierte Aufsätze

Differences in African Banking Systems: Causes and Consequences

This paper links banking system development to the colonial and legal history of African countries. Based on a sample of 40 African countries from 2000 to 2018, our empirical findings show a significant dependence of current financial institutions on the inherited legal origin and the colonization type. Findings also reveal that current financial legal institutions are not major determinants of banking ...

In: Journal of Institutional Economics 17 (2021), 4, S. 561–581 | Samuel Mutarindwa, Dorothea Schäfer, Andreas Stephan
Externe referierte Aufsätze

Highway Conditions and Insufficient Maintenance in Germany: A Threat for Economic Growth?

We analyse the impact of transportation infrastructure capital and its maintenance status on regionaleconomic production, exploiting panel data on the German county level (N = 401) between 2007 and2016 in a spatial translog production function. Various SLX and SDEM models are estimated usingFGLS and GMM estimators accounting for endogeneity. We find a positive impact of the transportinfrastructure ...

In: Journal of Transport Economics and Policy 55 (2021), 4, S. 308–333 | Dennis Gaus, Heike Link
Diskussionspapiere 1952 / 2021

Optimism Gone Bad? The Persistent Effects of Traumatic Experiences on Investment Decisions

Do memories of highly emotional stock market crashes permanently affect the investment decisions of households? The Initial Public Offerings of Deutsche Telekom during 1996- 2000 provide an optimal base to address this question, as it is known for its emotional character and is reputedly “the last time Germans invested in stocks.” Using Socio-Economic Panel (SOEP) household survey data, I show that ...

2021| Chi Hyun Kim
DIW Weekly Report 23/24 / 2021

Global Economy: Advanced Economies Facing a Strong Upturn: DIW Economic Outlook Summer 2021

Global recovery is progressing more slowly than was indicated in 2020 due to high coronavirus rates and related economic restrictions in Europe and Japan. Recently, a disparate picture has been forming: In the advanced economies, declining infection rates and continued progress in vaccination campaigns will presumably lead to a revival that will be especially noticeable in the retail and service sectors ...

2021| Claus Michelsen, Guido Baldi, Geraldine Dany-Knedlik, Hella Engerer, Sandra Pasch
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