Hyperinflation ist das Trauma der Deutschen
Michael Hüther on Politico.eu

Mario Draghi, the ECB and German trauma Arrow

Many Germans condemn the ECB’s current unconventional monetary policy. The reasons for this aversion lie deep in the german history and the traumatic experiences with hyperinflation. In an article on politico.eu Michael Hüther explains, how Germany has fundamentally misconstrued European monetary policy. more

Migration
Migration

All of Europe must act Arrow

The large immigration of refugees in the last months has shown, that the EU countries should cooperate more closely on migration and development policy. This is not only the opinion of the Expert Council of German Foundation on Integration and Migration – it is also confirmed by calculations of the Cologne Institute for Economic Research. more

Klimavertrag
Climate Agreement

The biggest emitters need to act Arrow

On Friday (April 22), the German Minister for the Environment Barbara Hendricks and many of her colleagues met in New York to sign the first global climate agreement. While this might act as a positive signal for the global climate, clear political action is needed: The major CO2 emitters should agree on a joint action plan to effectively reduce emissions. more

British exit from the EU

Economic damages of a Brexit underestimatedArrow

British exit from the EU

The economic consequences of a Brexit are hotly debated. The Cologne Institute for Economic Research (IW Köln) has examined relevant studies and concludes: An exit could cause more severe damage to the UK than the mainstream view suggests.more

British exit from the EU
British exit from the EU

Economic damages of a Brexit underestimated Arrow

The economic consequences of a Brexit are hotly debated. The Cologne Institute for Economic Research (IW Köln) has examined relevant studies and concludes: An exit could cause more severe damage to the UK than the mainstream view suggests. more

Why Europe could benefit from a common army
Michael Hüther and Hans-Werner Sinn in the Süddeutsche Zeitung

Why Europe could benefit from a common army Arrow

The euro rescue plan and refugee crisis have plunged the EU into an existential crisis, according to Michael Hüther (director of the Cologne Institute for Economic Research, IW) and Hans-Werner Sinn (outgoing director of the Ifo Institute for Economic Research) in a commentary published in the Süddeutsche Zeitung. Only through a joint initiative could the EU manage to regain its strength. more

Capital Market Access
Capital market access

Capital Markets Union is No One-Size-Fits-All Solution Arrow

The European Commission aims at enhancing the depth of capital markets as well as fostering capital market integration by building a so-called Capital Markets Union (CMU). A collaborative study of the Cologne Institute for Economic Research (IW Köln) and the College of Europe (CoE) finds that the CMU can enhance SME financing but also produces winners and losers. more

Country-by-Country Reporting
Country-by-Country Reporting

The pros and cons of more tax transparency Arrow

The European Commission will present its proposal for more corporate tax transparency these days. The so-called Country-by-Country Reporting will force large multinational enterprises to publish country specific profits and tax payments. By emphasizing positive aspects such as disclosing the tax contributions of global corporations, the European Commission forgets to look at the increasing red tape burden for companies and to address tax loopholes established by the national governments in the EU member states. It also risks competitive disadvantages and reputational damage for MNE by publishing sensitive company data.  more