Four young economists based in the United States and the United Kingdom received this year’s Excellence Awards in Global Economic Affairs of the Kiel Institute.

Economist Gita Gopinath was today awarded this year's Bernhard Harms Prize by the Kiel Institute for the World Economy. Moritz Schularick, President of the Kiel Institute, praised her “as one of the world's most influential scholars in the fields of international finance and international macroeconomics.” Gopinath is First Deputy Managing Director of the International Monetary Fund (IMF) and previously served as the Fund's Chief Economist. Before joining the IMF, she had a distinguished academic career.

In the third quarter of 2023, residential property prices in Germany have fallen, in some cases significantly. Compared to the second quarter of 2023, all housing segments have become cheaper, although there are strong regional differences and outliers. Among the major cities, prices are most stable in Cologne and Berlin. The number of property transactions has fallen significantly. This is shown by the latest update of the German Real Estate Index (GREIX), a project of ECONtribute and the Kiel Institute, which tracks the development of German real estate prices using the latest scientific methodology. All data for currently 18 German cities and their districts is freely available at www.greix.de.