In the wake of the Covid-19 crisis, international capital flows to emerging markets saw an abrupt decline, or "sudden stop."...

During deep crisis the temptation to enact protectionist measures is especially strong. Protectionist measures are hard to draw...

During deep crisis the temptation to enact protectionist measures is especially strong. Protectionist measures are hard to draw...

Impatience about the duration of the present corona lockdown indicates a fundamental problem for (long-term) environmental concerns....

Data shows that populist and non-populist governments implemented similar policies to contain the pandemic. Non-populist...

Risks to financial stability in the euro area appear to be contained for the time being, but could be substantial in the longer run....

Official (government-to-government) lending is much larger than commonly known, often surpassing total private cross-border capital...

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

Kiel Policy Brief No. 118: This paper projects government interest payments as a percentage of GDP for Germany, France, Italy and...

Kiel Policy Brief No. 120: he authors show that despite its high debt-to-GDP ratio and increasing risk premia on government bonds,...

Kiel Policy Brief No. 116: Thanks to an indirect hair cut on its debt via low long-term fixed interest rates and maturity extensions...

Kiel Policy Brief No. 107: The authors Klaus Schrader and Marta Ulivelli analyse the shortcomings of the Italian economy and of the...

Kiel Policy Brief No. 103: For eight years, Greece has remained in crisis mode but the rescue from economic decline is still not...

Kiel Policy Brief No. 108: The political conflict over the legal status of Catalonia fuels concerns about the future economic...

The highly complex system of global value chains (GVCs) relies on the smooth functioning of global trade, which has been severely...

Over the past months, the Covid-19 pandemic has progressively affected economic activity globally, including in Germany. ...