KKB 55: Despite a temporary pick-up in world production at the start of the year, growth will continue to moderate amid a further deterioration in economic sentiment and elevated levels of uncertainty.

Our most recent forecasts for Germany, the Euro Area and the World Economy as well as current commentary on economic and macroeconomic issues for various economic areas.

Embedded in a comprehensive outlook for the world economy, the Joint Economic Forecast („Gemeinschaftsdiagnose“, GD) prepares in-debth analyses and forecasts for the German economy (detailed 2-year horizon and 5-year medium term projections including...

KKB 15: Global growth has slowed down recently. While the world economy should gradually regain pace over the coming quarters, overall growth momentum is expect

We analyze the dynamics in the global crude oil market based on a structural vector autoregressive model. We identify the model by presuming that reduced form residuals can be traced back to structural shocks that are independently distributed over...

Beside a priori theoretical assumptions on instantaneous or long-run effects of structural shocks, sign restrictions have become a prominent means for structural vector autoregressive (SVAR) analysis. Moreover, changes in second order moments of...

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