This paper presents a simple experiment on how laypeople form macroeconomic expectations. Subjects have to forecast inflation and GDP...

This paper presents a simple experiment on how laypeople form macroeconomic expectations. Subjects have to forecast inflation and GDP...

We analyze cyclical co-movement in credit, house prices, equity prices, and long-term interest rates across 17 advanced economies....

A large share of global trade being priced and invoiced primarily in US dollar rather than the exporter's or the importer's currency...

Governments often issue bonds in foreign jurisdictions, which can provide additional legal protection vis-à-vis domestic bonds. This...

We analyze the international transmission of financial stress and its effects on global economic activity. Our analysis is based on...

We use a dynamic trade model with two sectors and two types of workers to analyze the optimal setting of income-generating tariffs....

We explore the network topology arising from a dataset of the overnight interbank transactions on the e-MID trading platform from...

Die deutsche Wirtschaft befindet sich seit Beginn des Jahres 2018 im Abschwung, wobei die konjunkturelle Dynamik vor allem durch das...

The effects of monetary policy during financial crises differ substantially from those in normal times. Using a panel VAR for 20...

This paper analyzes Germany’s unusual labor market experience during the Great Recession. We estimate a general equilibrium model with...

The authors develop a dynamic general equilibrium trade model with comparative advantage, heterogeneous firms, heterogeneous workers...

The costs and benfits of moving from a flexible exchange rate regime to a monetary union depend critically on the conduct of monetary...

This paper analyses the importance of global shocks for the global economic developments and national policymakers from a novel...

We use a dynamic trade model with two sectors and two types of workers to analyze the optimal setting of income-generating tariffs....

A large share of global trade being priced and invoiced primarily in US dollar rather than the exporter's or the importer's currency...

If the monetary authority lacks commitment, a monetary union can dominate flexible exchange rates. With forward-looking staggered...

Volkswirtschaften spezialisieren sich typischerweise entlang ihrer komparativen Vorteile auf die Produktion bestimmter Güter. Dadurch...

Kiel Policy Brief No. 90: According to the authors, improving institutions to stimulate entrepreneurial action and investment is the...