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.

Trade liberalization can imply slow and long adjustment processes. Taking account of these adjustment processes can change the evaluation of trade policy, especially when policy makers care more about the next couple of years than the infinite...

KBW 11: The persistently high German current account surpluses are subject to increasing international criticism based on the presumption that they are negative

This paper presents a model in which some goods trade in \customer markets." In these markets, advertising plays a critical role in facilitating long-lived relationships. We estimate both policy and non-policy parameters of the model (which includes...

Since March 2015 the Kiel Institute for the World Economy advises the European Parliament on issues related to monetary and economic policy. In particular the Kiel Institute prepares surveys on current issues of currency and monetary policies in the...