This article introduces a new econometric model that includes an innovative measure of intersectoral structural change. This model describes the ...

Kiel Policy Brief No. 151: The EU steps up its efforts to curb its territorial CO2-emissions.

The return on German foreign assets is significantly lower than that of other countries that invest internationally. Since 1975, average annual returns have been about 5 percentage points below those of the USA and almost 3 percentage points below...

... Their work fed into a broader set of estimates by Sebastian Horn and Christoph Trebesch of the Kiel Institute for the World Economy and Carmen Reinhart of Harvard University, who in May became the World ...

The World Trade Organisation (WTO) has brought very significant rewards to the international community. In small, open economies like the Netherlands, about a quarter of the wealth per capita depends on the WTO's trading system, while in Germany it...

In this paper we suggest a methodology to predict commodity-specific transportation flows that brings together data in value and in quantity terms in a consistent way. The approach is based on the modern gravity formulation. There are three driving...

The legal risks of sovereign default have grown significantly in recent decades. Since the 1980s, creditors have been increasingly successful in suing defaulting countries, especially in courts in the US and UK. The main beneficiaries have been...

This article introduces a new econometric model that includes an innovative measure of intersectoral structural change. This model describes the ...

We analyze the effects of government spending in a New-Keynesian model with search and matching frictions featuring endogenous growth through learning-by-doing and skill loss from longterm unemployment.