This article describes a simulated monetary macro model with different types of interacting agents. As such, it is assigned to the...

A panel data set covering 145 countries between 1960 and 2010 has been investigated closely by using models of parameter...

To determine the possible welfare gains from macroeconomic stabilization policy, we adapt the ap- proach of Lucas (2003) with a...

Kieler Beiträge zur Wirtschaftspolitik No. 15: In a full reserve system, commercial banks would lose the ability to create money out...

Kiel Policy Brief No. 102: The Italian economy has experienced a prolonged period of economic weakness which is especially problematic...

This article (german) looks at the cryptocurrency phenomenon, in particular with regards to costs and scalability, stability of value,...

Kiel Policy Brief No. 96: The Kiel Institute’s researcher Ulrich Stolzenburg analyses the potential of the newly launched EU...

Following a brief discussion of the characteristics of money, we provide an overview of virtual currencies describing relevant...

We take stock of the current evidence on fragmentation in financial markets in the  euro area and discuss policy options to...

We take stock of the current evidence on fragmentation in financial markets in the  euro area and discuss policy options to...

We take stock of the current evidence on fragmentation in financial markets in the  euro area and discuss policy options to...

Processes of social opinion formation might be dominated by a set of highly influential agents acting as ‘opinion leaders’. Here we...

German GDP expected to increase by 1.8 percent (2015), 2.1 percent (2016), and 2.3 percent (2017) – Strong consumption growth is...

Despite to economic headwinds, researchers at the Kiel Institute for the World Economy (IfW) have revised their forecasts only...

Processes of social opinion formation might be dominated by a set of highly influential agents acting as 'opinion leaders'. Here we...

KKB 49: World economic growth is moderating accompanied by a broad-based deterioration in economic sentiment. ...

KKB 43: The world economy has lost momentum in the beginning of this year, although partly due to special factors. ...

KKB 45: The global economy is losing steam. After a weak start in the beginning of this year, world production accelerated again in...

In its current approach to achieve an appropriate euro area fiscal stance, the EU Commission asks countries with fiscal space to...