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GES 2015


October 12-14, 2015 in Kiel. more...


Kiel Earth Institute



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Kiel Institute for the World Economy


Header Global Economic Symposium

The Global Economic Symposium (GES) 2015 takes place from October 12th to 14th. The theme is "Values to Guide Economies". To catch up with topics, participants and organization take a look at the GES Website and the GES Blog. Additionally you can follow the GES on Twitter and Facebook join the discussion! #gesym15

Number of asylum applications from safe countries of origin significantly lower than from neighboring countries
Migrants Knocking on Europe’s Doors © BeholdingEy – iStockphotoClassifying countries as safe countries of origin appears to substantially reduce the number of asylum applications from such countries. That is the conclusion reached by IfW economists Sebastian Braun and Richard Franke. They compared the number of asylum applications made in 2014 and 2015 from Western Balkan countries , which were declared safe in 2014, with the applications received from the neighboring states, which are not designated safe countries. more...

Economic Outlook of the Kiel Institute 2015 – 2017:
Robust German economy in an uncertain international environment

business cycle © wrangler - Despite the turbulences in the emerging markets and especially in China, the latest Business Cycle Forecast of the Kiel Institute for the growth in Germany maintains unchanged. For the first time, the forecast lasts over three years until 2017. German GDP is expected to increase by 1.8 percent (2015), 2.1 percent (2016), and 2.3 percent (2017). The world economy is expanding at a more moderate pace due to the weakness of the emerging markets and China. more...

Expansionary monetary policy during financial crises: initially useful, subsequently largely ineffective


When central banks pump money into the banking system during a financial crisis, such a policy is initially very effective, but the impact declines over the course of the crisis. That is the conclusion drawn by researchers at the Kiel Institute for the World Economy. With reference to the current crisis, central bank policy action probably made a major contribution toward stabilizing the economy in 2008 and 2009. The additional steps taken from around 2010 onward, which also include the QE programme from the ECB, have probably not been very effective. more...

snower.jpgA New Beginning for Greece
and Europe

Kiel Institute’s President Dennis Snower supports an end of the European Central Bank’s emergency liquidity assistance (ELA) to Greece. In his judgement, there are only two viable options left to solve the Greek crisis. more...


Global Economy Prize 2015 awarded

medaille_wwp.jpgOn Sunday June 21, the Kiel Institute for the World Economy and its partners, the City of Kiel and the Schleswig-Holstein Chamber of Commerce, have awarded the eleventh Global Economy Prize. Laureates are Michail Gorbachev, former Soviet politician, Jeffrey Immelt, General Electric CEO, Kristine and Douglas Tompkins, entrepreneurs in the textile industry and founder of private wildlife sanctuaries in Patagonia and Sir Christopher A. Pissarides, professor of economics at the London School of Economics. more...