Our studies, projects and policy recommendations identify the risks and opportunities for our economy and our society. Here you find an overview of our topics.
Recent years have shown that a high level of employment and a low level of unemployment are possible – given the right political choices.
Enjoying few natural resources, Germany is particularly reliant on ideas. The government’s primary task must therefore be to invest in minds, in other words, to create an innovative and internationally competitive education system.
Demographic trends are determined by four factors: the current population, births, deaths and net migration, i.e. the difference between immigration and emigration.
Digitisation has penetrated all areas of our lives, integrating people, machinery and processes into networks and creating huge opportunities for the German economy.
From the middle of the 1990s inequality in Germany seemed to be increasing inexorably. Recently, however, the income gap has closed again somewhat.
About half of the German gross domestic product is spent via public budgets such as the federal budget, the federal states’ budgets, the municipalities’ budgets or the social securities’ budgets.
Financial markets are places where such financial resources as shares, bonds, derivatives and mortgages are traded. Their purpose is to steer capital towards its most productive use.
Some half of German private assets are invested in real estate. The trade in offices, flats and private houses affects the economy as a whole, a fact amply demonstrated by the bursting of the US real estate bubble, which threw the world economy into crisis.
Cross-border trade in goods and services, the exchange of savings and investment capital – in short: the international division of labour – are responsible for a large part of the prosperity enjoyed by the world’s population. Germany is particularly deeply involved in this global supply network.
Most aspects of economic policy are the government’s responsibility. Collective wage bargaining is an exception: the constitution guarantees employers’ associations and unions autonomy in their collective bargaining over wages and salaries, working hours and other employment conditions.
Environmental and energy policies is expected to achieve its ecological objectives at the lowest possible cost and without creating social problems.
Companies create jobs, growth and wealth. The government needs to support them in adapting to the ever changing circumstances they are confronted with.
Behavioural economics shows that people act more morally than the model of homo economicus would suggest. Nevertheless, conflicts between morality and economic interests do frequently occur and in many cases they can be resolved with the help of business ethics.
A flourishing economy raises living standards, creates jobs and fills the public coffers with the funds necessary for such tasks as education, environmental protection and social security.