The Kiel Institute Debt Barometer: Greece beyond Hope
Greece’s debt is now so large that it will not be able to deal with it unless it receives help from without. Even a long-term nominal growth rate of 4% would not enable Greece to deal with its debt, indicates the Kiel Institute debt barometer. The only thing that would help would be a new round of debt relief. more...
Review of World Economics / Weltwirtschaftliches Archiv Celebrates 100th Anniversary
In 1913, one year before founding the Kiel Institute, Bernhard Harms launched the journal Weltwirtschaftliches Archiv, the world´s first journal with an explicit focus on international economics. Over the years, the journal achieved high reputation among economic scholars not only from Germany but also from many other countries. In honor of its 100th anniversary the journal publishes two special issues. more...
Foreign Capacity Utilization: An Indicator for the Exports of German Capital Goods
Indicators like foreign capacity utilization, export expectations, and new orders from abroad are all useful for forecasting German capital goods exports. However, models based on foreign capacity utilization exhibit a higher forecast accuracy than models based on the other two indicators, write Nils Jannsen and Julia Richter in their new Kiel Institute Focus. more...
German Income Tax Scales and Tax Burden of Different Classes of Households
The marginal income tax rates for typical taxpayers in Germany are higher than they had been 55 years ago; the manifold changes of the structure of the income tax rates did not suffice to avoid “bracket creep”. Thus, the incentives to work are impaired. The average tax rate did not rise if the taxable income increased in line with the price level. more...
The Rich, the Clean, and the Kind - a Comprehensive Wealth Index for Cities
Assessing wealth and development requires a comprehensive approach that focuses not only on economic performance. Jonas Dovern, Martin Quaas and Wilfired Rickels measure the wealth of German cities by considering additional to the economic dimension also the environmental, energy, social, and human dimension. more...
Innovative Solutions Based on the Positive Economy
Kiel Institute President Dennis Snower is to participate in the Commission on the Positive Economy, which was founded by the French President François Hollande. The commission is to be headed by the French economist Jacques Attali and will be comprised of scientists, economists, and policy makers. Its first report is expected in May. more...
Kiel Institute Policy Lunch at the Hertie School of Governance on Ways Forward in Banking Regulation
All current ideas of banking regulation have shortcomings, in part due to the opacity of the financial system, which may eventually not help to prevent harmful excessive risk-taking in the banking sector. So what are suitable ways forward in banking regulation? more...
