Lowering the consequences of climate change by reducing the amount of solar radiation the earth receives (Solar Radiation Management, SRM) has been controversially discussed in science. Research on it may have far-reaching consequences on climate policies and may undermine emission control, critics say. A team of experts under participation of the Kiel Institute has analyzed, under which conditions open ended SRM research should be done. Read more...
The alliance of G20 Engagement Groups published a statement ahead of the meeting of the G20 Foreign Ministers in Germany to support open societies and international cooperation. They called upon the G20 to work towards an open international trading system promoting inclusive and sustainable economic growth and development. The Kiel Institute for the World Economy, currently Co-Chair of the Think20 Group, is among the signatories. Read the statement
The third Greek bailout has so far again failed to produce the desired results predicted by the EU. The main reason cited by researchers at the Kiel Institute is the unwillingness of the political elites and population to implement the reforms. The proceeds of privatization are likely to fall far short of expectations and Greek debt is unsustainable at its present level. Read more...
The essence of the most recent extension of the ECB’s QE programme boils down to “more of the same for longer”, making the time dimension the key factor with respect to risks for financial stability. While the extra nine months are not a game changer, the distortive allocative side-effects of artificially low interest rates grow with the length of the extraordinary monetary policy stance. These findings were given by researchers of the Kiel Institute to the European Parliament for their Monetary Dialogue with the ECB. The analysis also focused on a view below the macroeconomic surface.
Read the Briefing Paper (external website)
Anyone expressing concern over the stream of refugees flowing into Europe, or who dares to sympathize with right-wing populist parties, is quickly labeled irrational, stupid, or xenophobic in social and traditional media. But this response could not be more mistaken, as the following discussion by researchers of the Kiel Institute shows.
Read Kiel Institute Focus
Successful integration is more likely if the preferences of refugees and host locations are taken into account. Here, “matching” would provide a science-based approach to the problem. Hillel Rapoport of the Paris School of Economics and Toman Barsbai of the Kiel Institute for the World Economy show how this can be achieved.
Read Kiel Institute Focus
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