We analyze the dynamics in the global crude oil market based on a structural vector autoregressive model. We identify the model by...

Beside a priori theoretical assumptions on instantaneous or long-run effects of structural shocks, sign restrictions have become a...

The literature has not yet come to a consensus on the actual responses of fiscal policy to output and to past public debt levels...

I analyze spillover effects from Euro area monetary policy shocks to thirteen EU countries outside the Euro area, i.e., ten countries...

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

This paper illustrates, based on an example, the importance of consistency between empirical measurement and the concept of variables...

This paper extends the efficiency wages/partially adaptive expectations Phillips curve, otherwise known as the price-price Phillips...

This paper extends the efficiency wages/partially adaptive expectations Phillips curve, otherwise known as the price-price Phillips...

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

Kiel Policy Brief No. 94: The Kiel Institute’s researchers Klaus-Jürgen Gern, Philipp Hauber and Galina Potjagailo address the...

Germany’s leading economics research institutes have downwardly revised their forecasts for 2018 and 2019. They now expect economic...

The economic upturn in Germany is entering its sixth year, but is losing momentum. This is due to both demand and supply side factors....

The economic researchers at the Kiel Institute have revised their forecast for the GDP growth rate for the current and coming year...

The economic researchers at the Kiel Institute for the World Economy (IfW Kiel) have lowered their forecast for GDP growth in the...

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...

The German economic upturn has gained both in terms of strength and breadth. In addition to consumer spending, external trade and...