The researchers in the department Global and Regional Markets deal with current issues of international economic and monetary policy, examine the economic significance of financial markets and real estate markets, and address questions of European integration and international trade policy. The researchers get involved in economic policy debates, be it the discussion on rent control and housing shortages, on the future of the WTO and how to deal with China, or on the ECB's interest rate policy and the Stability and Growth Pact.
Global and Regional Markets
China's dependence on the West for imports and technologies
There are mutual dependencies between China and the West that have the potential to result in high economic costs for both sides in the event of a geopolitical conflict. Should China actually plan an invasion of Taiwan, the West would be considerably affected by likely reciprocal sanctions, but due to its important position as a supplier of important goods for China, it would by no means be unable to act.
New attempt to harmonise corporate taxation in the EU
In the course of 2023, the European Commission plans to present a proposal for a new corporate tax system under the title "Business in Europe: Framework for Income Taxation (BEFIT)".
Fertility Response to the COVID-19 Pandemic in Developed Countries: On Pre-pandemic Fertility Forecasts
The COVID-19 pandemic has affected all areas of our lives. Among other outcomes, the academic literature and popular media both discuss the potential effects of the pandemic on fertility. As fertility is an important determinant of population development and population forecasts are important for policy decisions and planning, we need to address to which extent fertility forecasts performed before the pandemic still apply.
The Dependence of Individual Industries on China
The import and export dependency of German manufacturing branches on China at the intermediate input level is calculated here by evaluating the international input-output tables of FIGARO (Full International and Global Accounts for Research in Input-Output Analysis), which are provided by Eurostat with data as of 2020. On the import side, FIGARO data provide a better picture of the import dependency of industrial branches than the usual foreign trade statistics, because the latter also include imports from China that go into final demand here.
Is the U.S. Inflation Reduction Act Hurting the German Economy?: An Objection to Exaggerated Claims
In an article for Atlantik Brücke, IW Director Michael Hüther and Jürgen Matthes, head of the IW's Global and Regional Markets cluster, assess the implications of the U.S. Inflation Reduction Act (IRA), effective January 1, 2023, for German and European business.