Event
Event, 7 November 2017 Breakfast debate

Product Labelling - the Industrial Customer's Perspective Arrow

Labelling is recognized as a useful regulatory tool to bridge product-related information gaps in business-to-consumer (B2C) relations. When purchasing home appliances, uninformed consumers tend to be guided by the green-to-red-scale to learn about energy efficiency performance. This is where labels seem to make sense: they compensate for market failure.  more

Chinese take-overs in Europe
Contribution, 10 October 2017 Jürgen Matthes

Chinese take-overs in Europe Arrow

How does the EU Commission’s idea of closer scrutiny of Chinese investments into European companies square with the same Commission’s advocacy in favour of open markets and free movement of capital? It is a delicate balance to strike between intervention and free markets. The EU needs to be careful not to lose credibility and scare away foreign investors which could endanger the many advantages of inflowing foreign direct investment. more

IW-Report
IW-Report, 18 September 2017 Daniel Bendel / Markus Demary / Michael Voigtländer

How do higher interest rates impact companies’ financial situation? Arrow

Companies’ access to finance has an important impact on their profitability and growth prospects. Without external financing, most firms are not able to invest, which is a prerequisite for economic growth. Unlike in the US, which has a capital market-based financial system, banks are the dominant lenders for firms in the Eurozone.  more

Press Release, 21 August 2017 Andrea Hammermann / Oliver Stettes

Quality of work: employees are satisfiedArrow

Quality of work

According to a recent study of the Cologne Institute for Economic Research (IW), the majority of employees in the EU are satisfied with their job. more

Andrea Hammermann / Oliver Stettes Quality of Work in Europe
Quality of work
Press Release, 21 August 2017 Andrea Hammermann / Oliver Stettes

Quality of work: employees are satisfied Arrow

According to a recent study of the Cologne Institute for Economic Research (IW), the majority of employees in the EU are satisfied with their job.  more

Euro area
IW News, 27 September 2017 Markus Mill / Jürgen Matthes

Euro area: When horizons exceed red lines Arrow

Emmanuel Macron's proposals for euro area reforms go well over the target. They are unrealistic and over-ambitious with regard to the outcome of the German elections. The euro area needs a common understanding of the fundamental issues of the Eurozone. more

The Future of Mercorsur: What’s at stake for the EU?
Event, 16 October 2017 Debate

The Future of Mercorsur: What’s at stake for the EU? Arrow

The Cologne Institute for Economic Research (IW Köln) and the German Institute for International and Security Affairs – Stiftung Wissenschaft und Politik (SWP) are kindly inviting you to a jointly organised expert exchange on the on-going negotiations for a new trade agreement between the EU and Mercosur.  more

Markus Demary in LSE Business Review
Contribution, 20 September 2017 Markus Demary in LSE Business Review

The US should not roll back financial regulation Arrow

The Dodd-Frank Act is not perfect, but it's a framework that can mitigate systemic risks, writes Markus Demary, senior economist in the research unit financial and real estate markets at the Cologne Institute for Economic Research (Institut der deutschen Wirtschaft Köln). more

IW-Kurzbericht, 13 September 2017 Sandra Parthie / Wolfgang Eichert

German elections and what to expect for the European agenda Arrow

While the populist equivalents to the likes of Marine Le Pen’s Front National or Geert Wilder’s Dutch party are much less center-stage in the German elections, the outcome and thus the impact on the EU is still uncertain. However, all the probable coalitions will not overhaul the current German stance on European politics. But proposals to change the governance of the EU Economic and Monetary Union (EMU) are on the agenda of all parties, of course with very different emphasis.  more

Cybersicherheit
IW News, 13 September 2017 Barbara Engels

Cyber security – Safety belt of the digital society Arrow

The economic costs caused by cyberattacks have quintupled over the past four years. Not a single week passes by without a company being prominently hacked. The European Commission is now reacting with a new version of its cyber security strategy – a long overdue step. more

IW-Kurzbericht, 1 September 2017 Jürgen Matthes

Beware of tighter social standards in free trade agreements Arrow

Members of the EU Parliament call for tighter social standards in EU free trade agreements underpinned by sanctions in case of violations. The objective of this is to help workers in developing countries – but the opposite could be the case. more

Contribution, 21 August 2017 Mara Grunewald on lindau-nobel.org

Happier Than Ever Arrow

Wellbeing has become an important topic for researchers and politicians. Measuring wellbeing enriches the discussion of what determines a good life. A contribution to the Blog of Lindau Nobel Laureate Meeting by Mara Grunewald. more

Immobilienmarkt
Press Release, 21 August 2017 Michael Voigtländer

Real estate market: Stable, but bearing risks Arrow

The German real estate market has been stable for years, a bubble is unlikely - although prices in cities are growing strongly. However, in some regions there are risks, according to the Cologne Institute for Economic Research (IW). Investors must therefore pay attention to local particularities. more

Interview, 21 August 2017 Christian Rusche at Deutsche Welle

China emerging as Germany's main economic rival Arrow

The Chinese government has adopted a 'Made in China 2025' economic development strategy which is emerging as a huge risk to Germany's economic base, says economist Christian Rusche from the Cologne Institute for Economic Research in Cologne. more

Don't try to square the circle
IW-Kurzbericht, 16 August 2017 Jürgen Matthes

Don't try to square the circle Arrow

The UK Government tries to mitigate the disadvantages of exiting the EU customs union through innovative proposals. However, it is hard to imagine that this approach will work out.  more

Europe must seize this moment of opportunity
Contribution, 8 August 2017 Agnès Bénassy-Quéré, Michael Hüther, Philippe Martin and Guntram Wolff

Europe must seize this moment of opportunity Arrow

As the EU enjoys a period of growth and relative stability, there is finally room to undertake long-needed reforms. But it is vital to act soon, and priorities must be set. There are three pillars of reform for the coming months: completing a robust euro area; building a coherent EU foreign policy; and harnessing the single market’s potential to deliver strong and inclusive growth. more

ECB: Monetary policy needs limits
IW News, 15 August 2017 Markus Demary

ECB: Monetary policy needs limits Arrow

The German Constitutional Court has rightly expressed doubts about the monetary policy of the European Central Bank (ECB) and has asked the European Court of Justice for a legal review of it. This time, the case is about the Public Sector Purchase Program (PSPP), within which the ECB has already purchased bonds worth 1.6 trillion euros. The limits on the asset purchases have to be clarified. more

A new chance for private pension saving?
IW-Kurzbericht, 7 August 2017 Markus Demary / Susanna Kochskämper

A new chance for private pension saving? Arrow

The European Commission aims at strengthening the cross-border provision of pension products by the introduction of Pan-European Personal Pensions (PEPP) as a new regime on top of existing national frameworks. However, a pre-requisite for the success of PEPP will be the support of the national legislators for this framework.  more

An Evaluation of  Sovereign-backed Securities (SBSs)
IW policy paper, 28 June 2017 Markus Demary / Jürgen Matthes

An Evaluation of Sovereign-backed Securities (SBSs) Arrow

The EU Commission proposes establishing Sovereign-Backed Securities (SBSs) as a class of safe assets for the euro area. SBSs are generated by an issuing agency that would purchase a large diversified portfolio of national sovereign bonds, and finance the purchases by issuing (at least) two types of structured bonds: a risk-free senior SBSs tranche and a risky junior SBSs tranche.  more