KBW 5: The report addresses potential effects on the German economy by the extremely expansionary monetary policy of the Eurosystem with large liquidity flows into Germany. The authors discuss various monetary transmission channels from a theoretical...

We project the path of the public debt and primary surpluses for a number of countries in the euro area under a fiscal rule based on a set of estimated fiscal policy reaction functions. Our fiscal rule represents a fiscal analogue to a well-known...

We formulate and estimate a simple fiscal policy reaction function for the euro area and individual euro area countries. Our reaction function allows for primary surpluses to feature three components: an anti-cyclical response of primary surpluses to...

We project the path of the public debt and primary surpluses for a number of countries in the euro area under a fiscal rule based on a set of estimated fiscal policy reaction functions. Our fiscal rule represents a fiscal analogue to a well-known...

KKB 1: Die weltwirtschaftliche Expansion ist im Verlauf des Jahres 2014 erneut ins Stocken geraten. Von einem Aufschwung, der von allen Regionen getragen wird,

KBW 7: The European Macroeconomic Imbalance Procedure aims to identify macroeconomic risks at an early stage and prevent the build-up of dangerous imbalances or reduce existing imbalances in order to prevent crisis-ridden developments in the European...

Kiel Policy Brief No. 90: According to the authors, improving institutions to stimulate entrepreneurial action and investment is the key for prosperity and growth in Greece.

KKB 11: German GDP is expected to increase by 1.8 percent (2015), 2.1 percent (2016), and 2.3 percent (2017).

The literature has not yet come to a consensus on the actual responses of fiscal policy to output and to past public debt levels within industrialized countries. While the cyclical adjustment literature has suggested a strong response of the primary...

The macroeconomic surveillance mechanism of the European Union, namely the Macroeconomic Imbalance Procedure (MIP), is based on the Scoreboard, which comprises of a set of indicators that serve as a signaling device for potentially harmful...