IW Director Michael Hüther and his team conduct research on the pressing issues of our time. This includes the issues surrounding the future shape of eurozone governance, as well as the implications of digitalization and structural change in the economy.
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In close cooperation with the staff of the German Economic Institute, the management team develops scientific publications and content on various, exciting topics. With an interdisciplinary approach, researchers draw on both theoretical models and applied empirics. Historical evidence is put to the test with modern econometric analysis tools in order to derive concrete options for action for current economic policy. In terms of content, the papers span a broad spectrum from current structural change to regulatory policy, past economic crises, and the regulation of capital markets.
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The economy and society’s permanent changes affect the productivity growth of industries and entire economies. The institutes’ directorate is intensively deriving the digitization’s’ implications for different economic players and the entire economy. By and large, many different interactions behind the buzzwords “Industrie 4.0”, “demography”, “decabonization”, “productivity” and the aspect of regional convergence are investigated.
Selected Publications
Hüther, Michael / Jung, Markos / Obst, Thomas, 2021, Chancen für Wachstum und Konsolidierung. Arbeitskräftepotenziale der deutschen Wirtschaft, IW-Policy Paper, Nr. 10, Köln Zur Studie
Hüther, Michael, 2019, Das Europa der Regionen. Wie weit trägt das Versprechen auf Konvergenz?, in: List Forum für Wirtschafts- und Finanzpolitik, 45. Jg., Nr. 2, S. 65–95 zum Beitrag
Hüther, Michael / Südekum, Jens / Voigtländer, Michael (Hrsg.), 2019, Die Zukunft der Regionen in Deutschland. Zwischen Vielfalt und Gleichwertigkeit, Institut der deutschen Wirtschaft Köln e.V. (Hrsg.), Köln Zur Studie
Hüther, Michael, Digitalisierung: Motor im Strukturwandel – Herausforderung für die Wirtschaftspolitik, in: ORDO - Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, 68. Jg., S. 179-215 Zur Studie
Hüther, Michael / Naegele, Gerhard, 2012, Demografiepolitik: Herausforderungen und Handlungsfelder, Springer VS, Wiesbaden zur Studie
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German Ordnungspolitik and modern institutional economics' guidance can address market failure of all sorts. Especially, between developing and industrialized economies, substantial institutional differences prevail. Nevertheless, the European Union’s development represents only an imperfect role model for emerging economies – suitable institutions have to be derived country-specific.
Selected Publications
Hüther, Michael, 2022, Welche Zukunft hat die Soziale Marktwirtschaft?, Herder zum Beitrag
Hüther, Michael / Vogel, Markus, 2021, Souveränität und Verantwortung im Mehrebenensystem. Subsidiarität als Leitmotiv?, in: Wirtschaftsdienst, 101. Jg., Heft 6, S. 439-445 zum Beitrag
Hüther, Michael, 2020, Marktwirtschaft und demokratischer Zusammenhalt – Gegensatz oder notwendige Ergänzung?, in: Christoph Bertram / Thomas Mirow (Hg.), Trotzdem: Was uns zusammenhält. Berichte zur Lage der Nation, S. 131-158, Murmann Verlag zum Beitrag
Diermeier, Matthias / Hüther, Michael, 2019, Perception and Reality: Economic Inequality as a Driver of Populism?, in: Analyse & Kritik: Journal for Philisophy and Social Theory, Vol 41. No. 2, S. 337-357 zum Beitrag
Hüther, Michael / Bergmann, Knut / Enste Dominik, 2015, Unternehmen im öffentlichen Raum – Zwischen Markt und Mitverantwortung, Springer VS Verlag, Wiesbaden zur Studie
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The ongoing economic crisis caused a structural uncertainty among economic actors. Particularly, the Covid pandemic conveys long lasting uncertainties for the economy. Currently, a scenario of Stagflation including low growth and high inflation seems most probable.
Selected Publications
Hüther, Michael / Diermeier, Matthias / Goecke, Henry, 2021, Erschöpft durch die Pandemie. Was bleibt von der Globalisierung?, Springer Verlag, Heidelberg zur Studie
Bardt, Hubertus / Dullien, Sebastian / Hüther, Michael / Rietzler, Katja, 2020, For a sound fiscal policy. Enabling public investment, IW-Policy Paper, Nr. 6, Köln zur Studie
Hüther, Michael / Südekum, Jens, 2020, How to re‐design German fiscal policy rules after the COVID19 pandemic,in: Forum New Economy Working Papers, Nr. 2, Berlin zur Studie
Hüther, Michael / Grömling, Michael mit Beznoska, Martin / Demary, Markus, 2020, Wirtschaftspolitische Antworten auf die Corona-Krise – Liquidität hat Vorrang!, IW-Policy Paper, Nr. 4, Köln zur Studie
Hüther, Michael / Matthias Diermeier / Henry Goecke, 2018, Die erschöpfte Globalisierung – Zwischen transatlantischer Orientierung und chinesischem Weg, Springer Nature, Wiesbaden 2018 und 2. Auflage 2018 zur Studie
Hüther, Michael / Bergmann, Knut / Enste Dominik, 2015, Unternehmen im öffentlichen Raum – Zwischen Markt und Mitverantwortung, Springer VS Verlag, Wiesbaden zur Studie
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The capital market supervision’s tightened grip as well as the monetary policy’s quantitative easing affect the different capital market equilibria since the financial crisis. It often remains difficult to isolate the respective action’s specific outcomes, requiring a deepened analysis to derive efficient policy implications.
Selected Publications
Demary, Markus / Hüther, Michael, 2022, How large is the risk of stagflation in the Eurozone?, in: Interconomics, im Erscheinen
Demary, Markus / Hüther, Michael, 2021, Global Inflation: Low for Long or Higher for Longer?, IW-Report, Nr. 12, Köln zur Studie
Hüther, Michael, 2021, Der lange Schatten der Hyperinflation, in: List Forum für Wirtschafts- und Finanzpolitik, 46. Jg., S. 273-298 zur Studie
Hüther, Michael / Demary, Markus, 2020, Führt die Corona-Krise zu einer Bankenkrise? Anlass zu sorgsamer Beobachtung, nicht aber vorsorglicher Intervention, IW-Policy Paper, Nr. 17, Köln zur Studie
Demary, Markus / Diermeier, Matthias / Haas, Heide, 2015, A Capital Markets Union for Europe: The Relevance of Banks and Markets, IW policy papers, Nr. 18, Köln zur Studie
Workshop of the MPIfG and the German Economic Institute: Local Matters: Regional Inequalities in Public Investments
The neglect of public investments in Germany and elsewhere has not only led to a deterioration of countries’ public capital stocks. In fact, what appears as an aggregate decline actually entails growing divergences between regions that can invest in their infrastructures and those that fall behind.
Acceptance of Parliamentary Procedures in the Light of Individual Problem Perception
Matthias Diermeier / Judith Niehues
A lively democracy thrives on the struggle between different interest groups for majority opinion on specific issues. Though the institutionalised process of balancing interests and hearing opposing points of view takes time, acceptance of these parliamentary procedures is essential for the functioning of our pluralistic democracy.
Desire and reality: Hardly any scope for public spending in the new legislative period
Matthias Diermeier / Michael Hüther / Thomas Obst
The 2021 election campaign for the German Bundestag reveals various demands on the federal budget over the next years. In the coming legislative period, for example, the federal budget may have to finance the "mothers' pension", take over the EEG levy, compensate for an increase in the social security contribution rate above the predefined threshold of 40 per cent, forego the revenues from the remaining "solidarity surcharge" and shoulder a higher defence budget. Some potential coalition partners, however, reject a reform of the debt brake and at the same time even promise significant tax cuts.
Matthias Diermeier / Michael Hüther / Thomas Obst IW
Tailoring the Truth: An experimental approach to parliamentarians’ toleration of misinformation and responsiveness in Germany
Matthias Diermeier at Regierungsforschung.de of the NRW School of Governance
The rise of populist radical right parties (PRRPs) is largely seen to have been triggered by a dealignment between voters and political elites and to have triggered an increasing supply of misinformation.
Matthias Diermeier at Regierungsforschung.de of the NRW School of Governance IW
Supply bottlenecks and price developments for raw materials and inputs
Hubertus Bardt / Matthias Diermeier / Michael Grömling / Michael Hüther / Thomas Obst
Having experienced strict economic lockdowns, the post-pandemic period various sectors report severe supply side bottlenecks and price increases for intermediate goods.
Hubertus Bardt / Matthias Diermeier / Michael Grömling / Michael Hüther / Thomas Obst IW
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