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”, “productivity” and the aspect of regional convergence are investigated.
Selected Publications
Hüther, Michael, 2016, Industrie 4.0 – unterschätzte Herausforderung oder überbewertete Modeerscheinung?, in: Zeitschrift für Wirtschaftspolitik, 65(1)
Goecke, Henry / Hüther, Michael, 2016, Regional convergence in Europe, in: Intereconomics, Volume 51, May/June 2016, Number 3, pp. 165-171
Demary, Vera / Diermeier, Matthias, 2015, Fusionen und Übernahmen in der deutschen Industrie - Auf dem Weg zur Industrie 4.0?, in: IW Trends, 42(4)
Hüther, Michael / Naegele, Gerhard, 2012, Demografiepolitik: Herausforderungen und Handlungsfelder, Springer VS, Wiesbaden, Thesenpapier
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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 / Bergmann, Knut / Enste Dominik, 2015, Unternehmen im öffentlichen Raum – Zwischen Markt und Mitverantwortung, Springer VS Verlag, Wiesbaden
Diermeier Matthias / Hüther, Michael, 2015, Mit dem großen Hebel für mehr Investitionen: Ökonomische Bewertung des Juncker Plans, in: Wirtschaftsdienst, 95. Jahrgang, 2015, Heft 5, S.334-341
Hüther, Michael, 2014, Eine veränderte Kulisse globaler Risiken, in: Wirtschaftsdienst, 94. Jahrgang, 2014, Heft 12., S. 855-859
Hüther, Michael, 2012, Mitglied der Sachverständigenkommission des Ersten Engagementberichts: „Für eine Kultur der Mitverantwortung“, Erster Engagementbericht der Bundesregierung
Enste, Dominik / Hüther, Michael, 2012, Bürgerschaftliches Engagement der Unternehmen im öffentlichen Raum, in: ORDO Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, Band 63, Begründet von Walter Eucken und Franz Böhm, Lucius & Lucius Verlag, Stuttgart, 2013, S. 293 – 323
Enste, Dominik / Hüther, Michael, 2011, Verhaltensökonomik und Ordnungspolitik – Zur Psychologie der Freiheit, in: IW Positionen, Nr. 50
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The ongoing economic crisis caused a structural uncertainty among economic actors. It remains highly unclear how Europe’s “New Normal” is going to look like. From secular stagnation to saw-tooth shaped business cycles or – worst case – the Eurozone’s breakdown, many scenarios are on the table.
Selected Publications
Bardt, Hubertus / Grömling, Michael / Hüther, Michael, 2015, Schwache Unternehmensinvestitionen in Deutschland? Diagnose und Therapie, in: Zeitschrift für Wirtschaftspolitik. Band 64, Heft 2, S. 224–250
Cholewa, Jan / Goecke, Henry / Grömling, Michael, 2015, IW-Konjunkturampel – Konzept, Daten und Evaluation, in: IW Trends, 42(2)
Hüther, Michael, 2012, Perspektiven für die Eurozone in der Krise: Chancen und Gefahren, in: IW policy paper, 8/2012
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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, Michael / Hüther, Michael, 2015, When Low Interest Rates Cause Low Inflation, in: Intereconomics, 50(6)
Demary, Markus / Diermeier, Matthias / Haas, Heide, 2015, A Capital Markets Union for Europe: The Relevance of Banks and Markets, in: IW policy papers, 18/2015
Deschermeier, Philipp / Hüther, Michael / Haas, Heide / Voigtländer, Michael, 2015, Die Bedeutung der Langfristfinanzierung durch Banken – Vorteile und zukünftige Herausforderungen, in: IW Analysen, Nr. 101
Hüther, Michael / Manfred Jäger / Hellwig, Martin / Hartman-Wendels, Thomas, 2009, Arbeitsweise der Bankenaufsicht vor dem Hintergrund der Finanzmarktkrise, Gutachten
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
One for One and None for All: The Radical Right in the European Parliament
Matthias Diermeier / Hannah Frohwein / Aljoscha Nau in LSE'Europe in Question' Discussion Paper Series
The radical right in Europe seemed to be on an unprecedented rise. In the run-up to the European Parliament elections in 2019, a newly founded ‘super-faction’ profoundly scared established politicians.
Matthias Diermeier / Hannah Frohwein / Aljoscha Nau in LSE'Europe in Question' Discussion Paper Series IW
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