The German economy is steering through difficult waters and faces the highest inflation rates in decades. In their spring report, the leading German economic research institutes revise their outlook for this year significantly downward.

This presentation gives an overview of the empirical evidence on the causal effects of the minimum wage introduction in Germany on hourly wages, employment, working hours, poverty measures and more.

The recovery of the German economy is interrupted once again. In the winter, the new Covid-19 wave will particularly hit activity in contact-intensive service sectors as in previous waves.

The Corona pandemic still shapes the economic situation in Germany. A complete normalisation of contact-intensive activities is not to be ex­pected in the short term.

Consumer price inflation in the euro area has sharply risen to 3% in the course of 2021. This increase was mainly due to higher energy prices and other

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.

In their spring report, the leading economic research institutes forecast an increase in gross domestic product of 3.7 percent in the current year and 3.9 percent in 2022.

Kiel Policy Brief No. 148: In an economy-wide emergency, effective macroeconomic stabilization requires a mecha-nism to protect sound production structures from collapsing.

The corona pandemic leaves substantial marks in the German economy and its impact is more persistent than assumed in spring.