KKB 88: Economic output in the euro area has recently returned to its pre-pandemic level. The surge in infections since early 2022 had only...

The Corona pandemic still shapes the economic situation in Germany. A complete normalisation of contact-intensive activities is not to be...

Consumer price inflation in the euro area has sharply risen to 3% in the course of 2021. This increase was mainly due to higher energy prices...

KKB 82: The euro area economy is rapidly approaching its pre-crisis production level. After a strong increase in the second quarter, economic...

In their spring report, the leading economic research institutes forecast an increase in gross domestic product of 3.7 percent in the current...

Against the backdrop of European economies being in partial lockdown again due to the Covid-19 pandemic, this report presents an assessment of...

Kiel Policy Brief Special Corona-Update 1: In times of a sudden crisis, such as the coronavirus, official statistics cannot cope with current...

Trump has failed with his campaign promises to achieve complete revitalization of the US manufacturing industry. His economic policy has not...

KBW 30: The authors note that, although public budgets showed significant surpluses before the Corona crisis, both revenues and expenditures...

The corona pandemic leaves substantial marks in the German economy and its impact is more persistent than assumed in spring.

We embed human capital-based endogenous growth into a New-Keynesian model with search and matching frictions in the labor market and skill...

The paper re‐examines the real effects of credible disinflation in the presence of real wage rigidities and non‐linear dynamics. A credible,...

Kiel Policy Brief No. 112: The paper addresses the public budget surpluses in Germany against the backdrop of the coalition talks between...

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

The coronavirus pandemic is triggering a severe recession in Germany. Economic output will shrink by 4.2 percent this year.

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

Kiel Policy Brief No. 138: The corona pandemic causes a global interaction shock that puts the world economy under massive stress....

KKB 52: The euro area economy has once again switched back a gear. The slowdown over the course of 2018 is mainly due to weaker impulses from...

KBW 19: Measures of potential output and the output gap are of great importance for policy-makers who need to assess the cyclical position of...

We analyze the implications of trend growth for optimal monetary policy in the presence of search and matching unemployment. We show that...