German Economic Institute
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Markos Jung

Dr. Markos Jung

Personal Research Assistant of the Director

Tel+49 221 4981-606

Mailjung@iwkoeln.de

IW Publications

(in cooperation with Tobias Hentze)
Kapitalflüsse in die USA entlarven Steueroasen
IW-Kurzbericht 45/2018

(in cooperation with Matthias Diermeier, Michael Hüther)
It’s business models, stupid!
IW-Kurzbericht 33/2018

(in cooperation with Markus Demary, Matthias Diermeier, Michael Hüther, Jürgen Matthes)
Schriftliche Stellungnahme zu einer öffentlichen Anhörung des Bundestagsausschuss für die Angelegenheiten der Europäischen Union
IW-Report 20/2018

(in cooperation with Matthias Diermeier, Pekka Sagner)
Wirtschaftskrise bremst europäische Konvergenz
IW-Kurzbericht 30/2018


Hat die EU ein digitales Handelsdefizit gegenüber den USA?
IW-Kurzbericht 12/2018

External Publications

(in cooperation with Michael Hüther, Matthias Diermeier, Andrew Bassilakis)
If Nothing is Achieved – Who Pays for the Brexit?
ZBW, Intereconomics, Vol. 53, No. 5, 2018, pp. 274–280

German chancellor Angela Merkel and British Prime Minister Theresa May.
  • Michael Hüther / Matthias Diermeier / Markos Jung / Andrew Bassilakis ·
  • External Publications ·
  • 9 Oct 2018

If Nothing is Achieved: Who Pays for the Brexit?

The United Kingdom will depart from the European Union in March 2019. Numerous open questions remain about details and conditions especially with regard to post-Brexit EU-UK trade relations. In case of a negotiation failure, a "hard Brexit" could cause considerably high costs on both sides of the Channel. In the short run, companies will be charged more than 15 billion euro as tariffs. In the long run, UK-EU trade could be reduced up to 50 percent.

It’s business models, stupid!
  • Matthias Diermeier / Michael Hüther / Markos Jung ·
  • IW-Kurzbericht No. 33 ·
  • 11 Jun 2018

It’s business models, stupid!

In contrast to a massive current account deficit against China, the US runs a current account surplus with respect to the European Union. The US-EU surplus is largely driven by a positive service balance and primary incomes originating from US investments abroad. Services and primary incomes overcompensate the US goods trade deficit with the EU. Rather than representing a “rip–off”, the different balances reflect the economies’ different business models.

Economic crisis slows European convergence
  • Matthias Diermeier / Markos Jung / Pekka Sagner ·
  • IW-Kurzbericht No. 30 ·
  • 18 May 2018

Regional growth: Economic crisis slows European convergence

Up until the economic and financial crisis, economic conditions in the European regions had been converging. This process has come to a complete standstill in recent years due to lower growth in Eastern Europe and stagnation in Southern Europe.

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