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Kiel Institute for the World Economy


Joint Fiscal Stance is not a useful concept

© European Union 2011 PE_EP.jpgIn an analysis for the European Parliament, researchers of the Kiel Institute call proposals for implementing a euro area fiscal stance highly questionable, as long as this requires countries to run more pro-cyclical fiscal policies. Such a policy would destabilize the euro area at disaggregated level and induce more cyclical divergence across countries. Read the full analysis (external website)


Making the Asylum System More Efficient and More Humane

Flüchtlingsboot_© all rights reserved by Frontex press.jpgThe current asylum system is contradictory, unfair, and both costly and hazardous for all involved. Under the present rules, refugees can normally only apply for asylum in a country after they have crossed its border—often by illegal means and at great risk to their personal safety. The solution is to reform the system so that people can apply for asylum before they enter the EU.
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Investment in Europe will remain weak

Eurozeichen wird gesprayed_ © European Union 2008 PE-EP.jpgBusiness investment is likely to remain relatively weak and to stay below its pre-crisis trend. The ECB may not be able to further stimulate investment, as the effectiveness of expansionary monetary policy seems to be lower in the aftermath of a crisis than at its height. These are the results of an analysis by the Kiel Institute for the European Parliament. Read the full analysis (external website).


Dennis Snower: Brexit result of social imbalance

Prof. Snower Interview / Photo: © M.StefanWhat is the reason behind this Brexit decision? The President of the Kiel Institute for the World Economy, Dennis J. Snower, in our video interview on the reasons behind Brexit, the need for a more socially connected Europe, and the coming EU-UK negotiations.

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Mario Monti: Cynical Politics of David Cameron

0702.jpgMario Monti, former EU Commissioner for competition, has harshly criticized British Prime Minister David Cameron in his speech on the occasion of being awarded the Global Economy Prize 2016. To call a referendum has been a cynical decision by Cameron, only made to secure a stronger leadership within his party, he said.


Snower: „Europe Needs Coordinated Answers“

0538.jpgIn his address on occasion of awarding the Global Economy Prize 2016, Dennis Snower pleaded for more reconciliation and common understanding in Europe. No European national state were able to solve any of the presently pressing problems on its own. Rather, national solo efforts may even undermine peace and welfare.


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Economic Outlook

The Kiel Institute's Business Cycle Forecast of Summer will from June 16, 2016

All business cycle forecasts of the Kiel Institute


Upcoming Events

10th Kiel Institute Summer School 2016 and 2nd SBRE Workshop
Education, Preferences, and Economic Outcomes
July 25 – July 30, 2016

Research Association