The desirability of flexible exchange rates is a central tenet in international macroeconomics. We show that, with forward-looking...

Business investment in the euro area strongly declined during the Global Financial Crisis and the Sovereign Debt Crisis. It has not...

Output gap estimates at the current edge are subject to severe revisions. This study analyzes whether monetary aggregates can be used...

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...

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

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

The Euro area economy has lost momentum in the first half of 2018. The slowdown was due to country-specific temporary factors and a...

Economic activity in the Euro Area is gradually gaining grip in 2015. Sentiment indicators suggest that the current - rather moderate...

Economic Recovery in the Euro Area has lost momentum in the second half of 2015. Due to dampening effects from the world economy and a...

The economic recovery in the euro area remains moderate. While several sentiment indicators have improved considerably over the past...

The mercantilist attitude of the new U.S. presidency raises the fear of the United States turning towards a protectionist stance in...

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...

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