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Kiel Institute for the World Economy


Trade Economist Marc Melitz Wins Bernhard Harms Prize

Marc Melitz BHP Prize 2016 / Photo @ Ifw-Kiel M.StefanMarc Melitz, Professor of Political Economy at Harvard University, was today awarded the Bernhard Harms Prize by the Kiel Institute. President Dennis Snower praised Melitz for his exceptional contribution to global economic research. The so called Melitz model is a cornerstone of modern international trade theory. Read more...


Restrictions for Chinas foreign investments are not necessary

Shanghai skyline with historical Waibaidu bridge, China © Oleksandr Dibrova - Fotolia.comConcerns of a “sale out” of German technology to Chinese foreign investors are based on fears not on facts, says Rolf J. Langhammer, expert for international trade at the Kiel Institute. According to the latest stock data, German investments in manufacturing in China jumped to 15% in 2014. On the other hand, China’s investment in Germany comprised but a tiny share, far less than one percentage point. Read Kiel Institute Focus


The Policy Failure that Supports Trump

Trump © LPETTET – iStockphotoThe bedrock of support for Donald Trump is well known: white men, discouraged, angry. They want to “make America great again,” by which they mean regaining their sense of agency and power. They are the product of a disastrous American policy failure, writes Dennis Snower, President of the Kiel Institute and American citizen.
Read Kiel Institute Focus


Trump's Challenges

Republican presidential candidate Donald Trump Rallies in Aston, PA © Bastiaan Slabbers – iStockphotoIn an era of increasing global insecurity, the election of Donald Trump is another major destabilizing event. But his victory is a democratic decision of the American people and must be accepted as such, comments Dennis J. Snower, President of the Kiel Institute and US citizen, on the US presidential election. Read more...


US campaign increases dangerous mistrust in political system

Hillary Clinton © mfhiatt – iStockphotoThe personal attacks in the US Presidential election debates could effect a gradual subversion of the liberal principles of tolerance, trust, fairness and civic duty that are not just vital for democracy, but also for the market economy to function, writes Dennis Snower, president of the Kiel Institute, in a Kiel Institute Focus. Read Kiel Institute Focus


Improve efficiency and stability of the European economy

Finanzplatz Frankfurt_2© European Union 2012 EP.jpgBreaking the bank-sovereign nexus is central in order to eliminate financial fragmentation in Europe and would improve stability and efficiency of the European economy. This finding was given to the European Parliament in an advisory mandate from the Kiel Institute. Further initiatives to weaken this link could include exposure limits for government bonds, a carefully designed joint deposit insurance scheme and implementing the envisaged Capital Market Union. Read the full analysis (external website)...


Bridging the Brexit

Brexit 8 © EU.jpgFollowing the Brexit vote and a tough-talking Theresa May at the Tory Conference, some in Brussels seem inclined to set an exemplary warning. That would be the worst possible response. What we need is a spirit of maximum cooperation that builds bridges for the UK, writes Stefan Kooths, Head of the Kiel Institute Forecasting Center, in a Kiel Institute Focus.
Read Kiel Institute Focus...


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Economic Outlook

The Kiel Institute's Business Cycle Forecast of Winter will be online December 15, 2016

All business cycle forecasts of the Kiel Institute


Upcoming Events

Bernhard-Harms Award Ceremony
December 7, 2016, Kiel

Research Association