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

KBW 2: After the reunification, in Germany economic growth was weak from a historical as well as international perspective. In particular, the...

KBW 7: The European Macroeconomic Imbalance Procedure aims to identify macroeconomic risks at an early stage and prevent the build-up of...

KBW 5: The report addresses potential effects on the German economy by the extremely expansionary monetary policy of the Eurosystem with large...

Kiel Policy Brief No. 58: The reason why the Euro zone crisis has dragged on for so long is that Europe's leaders have focused too much on...

Kiel Polity Brief No. 51: The monetary policy authorities of the Eurosystem have been operating in crisis mode for more than four years now.

Kiel Policy Brief No. 24: The authors argue that the fixation on indices or growth rates in the current discussion around price...

Kiel Policy Brief No. 36: The period of imported price stability in the advanced economies may come to an end soon as inflation in China is...

Kiel Policy Brief No. 58a: The reason why the Euro zone crisis has dragged on for so long is that Europe's leaders have focused too much on...

The European Central Bank (ECB) continues its low interest rate policy. Since it relies on the average price development in the euro area for...

The financial crisis 2008-2009 and the European sovereign debt crisis have shown that stress on financial markets is important for analyzing...

he financial crisis and the European sovereign debt crisis have shown that financial stress may be an important driver for economic activity....

This paper implements capital in an endogenous separations New Keynesian matching model. We propose a more general approach, such that workers...

In this paper we investigate the effects of uncertainty shocks on economic activity using a Dynamic Stochastic General Equilibrium (DSGE)...

The Eurosystem has been pursuing a crisis management policy for more than four years now. This policy aims primarily at maintaining financial...

In this paper we analyze the effects of external shocks on countries in Emerging Asia. For that purpose, we estimate a Bayesian Vector...

We analyze the international transmission of financial stress and its effects on economic activity. We construct country specific monthly...