The war in Ukraine is putting a noticeable strain on the German economy and increases the already strong inflationary pressure. However, the recovery is not breaking off. In its latest spring forecast, the Kiel Institute almost halves its forecast...

We investigate the impact of errors in medium run tax revenue forecasts on the final budget balance. Our analysis is based on fiscal data for the entire

China’s lending boom to developing countries is morphing into defaults and debt distress. Given the secrecy surrounding China’s loans, also the asso

KBW 38: The author reveals that despite a shrinking economy in the Corona year 2020, Hamburg and Schleswig-Holstein were spared a major labor market crisis.

Sovereign defaults on Chinese debts are frequent but, due to the opacity of China's lending, data on these defaults is scarce. A new study involving the Kiel Institute shows that restructurings with Chinese lenders now surpass the number of...

Supply bottlenecks and the fourth Covid-19 wave are weighing on Germany's recovery, delaying the catching-up process by several months. The Kiel Institute for the World Economy now expects gross domestic product (GDP) to grow by 2.6 percent this...

KBW 37: The present Kiel subsidy report focuses on the analysis of federal financial assistance in 2021 and the extent to which expenditures in 2020 and 2021 related to the Corona pandemic are subsidies.

KBW 36: The extremely low interest environment during the 2010s has significantly facilitated the reduction of the gross government debt-to-GDP ratio in Germany in the aftermath of the global financial crisis.

The paper argues that the monetary policy response to the COVID-19 crisis has been appropriate in terms of the ECB’s primary objective. The concern ov