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

We investigate whether recoveries following normal recessions differ from recoveries following recessions that are associated with...

We investigate whether recoveries following normal recessions differ from recoveries following recessions that are associated with...

Using real-time data, we analyze how the systematic expectation errors of professional forecasters in 19 advanced economies depend on...

We study the macroeconomic effects of monetary policy during financial crises using a Bayesian panel vector autoregressive (PVAR)...

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...

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

Resorting to stationary and non-stationary panel data econometrics we offer tests for "Ricardo's 93% theory of value" for 10 OECD...

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...

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

Die weltwirtschaftliche Expansion ist im Verlauf des Jahres 2014 erneut ins Stocken geraten. Von einem Aufschwung, der von allen...

Global growth slowed in 2015. While we forecast the world economy to gradually gain momentum over the coming two years, the upturn is...

The world economy is expanding at a more moderate pace with growth momentum continuing to shift from emerging to advanced economies....

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

Global growth has slowed down recently. While the world economy should gradually regain pace over the coming quarters, overall growth...