KBW 19: Measures of potential output and the output gap are of great importance for policy-makers who need to assess the cyclical position of the economy and its productive capacity.

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...

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.

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...

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...