iwd, 19 January 2017 Monetary policy

The effects of monetary policy are being curbed – by cash Arrow

For years, the European Central Bank has been flooding the markets with cash in order to stimulate inflation. However, this traditional method is no longer working. One of the reasons for this is that EU citizens are hoarding cash. more

German firms relaxed in view of upcoming Brexit
Press release, 12 January 2017 IW Business Survey

German firms relaxed in view of upcoming Brexit Arrow

More than nine out of ten German firms do not expect strong effects from Brexit on their business activities in the near future. This is the result of a recent business survey covering 2,900 German firms conducted by the Cologne Institute for Economic Research. more

iwd, 19 January 2017 Refugees

Migration as a Growth Factor Arrow

Refugees: what happens when there is a sudden boost to a country's population? Will Germany’s acceptance of millions of refugees cost it dearly in the medium term or will it prove to be economically advantageous? This depends mostly on one thing: how well the immigrants integrate on the domestic labour market. more

IW-Kurzbericht, 4 January 2017 Markus Demary / Vera Demary

The Promise of BlockchainArrow

Digitization affects all sectors of the economy. A new and possibly disruptive digital technology is the blockchain, a decentralized ledger, which seems to offer great promise for many financial and business applications.more

Markus Demary / Vera Demary Blockchain – Down to Earth
IW-Kurzbericht, 4 January 2017 Markus Demary / Vera Demary

The Promise of Blockchain Arrow

Digitization affects all sectors of the economy. A new and possibly disruptive digital technology is the blockchain, a decentralized ledger, which seems to offer great promise for many financial and business applications. more

German car manufacturers in the USA
IW News, 16 January 2017 German car manufacturers in the USA

Import tax harms US interests Arrow

Donald Trump attacked the German car industry and threatened with penalty taxes for car imports. In doing so, he overlooks the fact that German manufacturers have long been an important player in the US itself. They not only build for the US market, but are now among the most important vehicle exporters of the USA. more

Digitaler Binnenmarkt
IW News, 10 January 2017 Digital Single Market

Europe, soon a single data market? Arrow

Data is the currency of the digital age. In order to take full advantage of the potential of the European data economy, the European Commission wishes to further harmonize data rights. This is overdue in order not to lose the connection to the USA completely.  more

The U.S. experience should lead the way
Contribution, 3 January 2017 Michael Hüther in The International Economy

The U.S. experience should lead the way Arrow

Despite of the European Central Bank’s (ECB) accommodative monetary policy stance, Euro Area inflation expectations remain persistently depressed. Financial intermediaries’ interest rate margins have been squeezed and the secondary market for sovereign debt is running out of bonds. As a consequence more and more European economists call for a tool of last resort – helicopter money. A contribution by Michael Hüther for The International Economy, a specialized quarterly magazine. more