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Press Release
Recent developments in Ireland, Greece, and Spain have shown that sovereign debt crises endanger the solvency of domestic banking sectors, while banking crises in turn endanger the solvency of the domestic sovereign. This vicious circle between government and bank solvency is exacerbated by the home bias in banks’ government bond portfolios, that is, the banks' excessive exposure to domestic ...
17.10.2012
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Report
Abstract: The construction or expansion of an airport leads to a significant increase in aircraft noise in the surrounding area, which, in turn, results in a marked reduction in the prices of houses or apartments located under the planned flight paths. Even expectations about future noise pollution can significantly reduce real estate prices in the affected areas. The present study estimates the effects ...
12.09.2012
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Economic Bulletin
"Spreading the Risk" Nine Questions to Claudia Kemfert and Dorothea Schäfer
07.09.2012
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Economic Bulletin
Financing the Energy Transition in Times of Financial Market InstabilityBy: Claudia Kemfert and Dorothea Schäfer in: DIW Economic Bulletin 9/2012.One of the most pressing public priorities in Germany at present is how to organize the energy transition. However, the cost of stabilizing the financial sector as well as the fiscal pact and the debt brake mean that the government has limited financial ...
07.09.2012
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Report
Abstract: With China’s economic integration a new growth center capable of having a decisive influence on the global economy has emerged. Thus, strong increases in production in China could help to bolster the flagging economies of the industrialized world. This article will analyze the extent to which China already determines macroeconomic growth in the euro area and the US today. It considers ...
15.08.2012
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Report
Abstract: One of the most pressing public priorities in Germany at present is how to organize the transformation of the energy system. However, the cost of stabilizing the financial sector as well as the fiscal pact and the debt brake mean that the state has limited financial resources. Consequently, the availability of private capital, whether it is in the form of equity or debt, is becoming a decisive ...
01.08.2012
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Economic Bulletin
"We Need Clarity on Financing Conditions": Five Questions to Hendrik Hagedorn
09.01.2012
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Economic Bulletin
Speculative Bubble on Housing Markets: Elements of an Early Warning Systemby Christian Dreger, Konstantin A. Kholodilin in: DIW Economic Bulletin 4/2011.Excessive speculation on asset markets can cause significant macroeconomic losses in terms of production and employment. Such developments should be detected as early and as reliably as possible in order to enable corrective action through adequate ...
07.10.2011
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Economic Bulletin
"A New Early Warning System Can Forecast Housing Bubbles". Six Questions to Konstantin Kholodilin
07.10.2011
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Economic Bulletin
The Future of the International Monetary Systemby Ansgar Belke, Kerstin Bernoth, Ferdinand Fichtner in: DIW Economic Bulletin 4/2011The financial crisis of 2007/2008 and the current "Euro crisis" challenge the current global monetary system. They drastically reveal the actual system's weaknesses und show the eminent importance of the international monetary system for the stability of markets ...
07.10.2011
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Report
Prof. Dr. Ansgar Belke, Member of the "Monetary Experts Panel" of the European Parliament, on the European Central Banks' Change of Guard from Trichet to Draghi:First, the paper provides a review of the Trichet presidency and its main legacy with emphasis on polito-economic considerations. Second, it also delivers a preview of the Draghi presidency and evaluates the challenges the new president ...
16.09.2011
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Weekly Report
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26.11.2010
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Press Release
Experts claim no space for tax cuts and higher social spending The German economy has recovered surprisingly well from the crisis. DIW Berlin estimates that the growth will continue – although in a less rapid pace than the first half year. “We reach a massive annual growth of 3.4 percent in 2010. In 2011 the German economy is expected to grow at a rate of 2 percent”, said Ferdinand ...
28.09.2010
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Press Release
DIW President Zimmermann: “Another opportunity missed at the G-20 summit in Canada.” The German economy will grow at a moderate pace through 2010 and 2011. According to the quarterly forecast released today by the German Institute for Economic Research (DIW Berlin), the German economy will grow with an average rate of 1.9 percent in 2010, and 1.7 percent in 2011. “The recovery is ...
30.06.2010
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Press Release
Banks should diversify their investment portfolios, European think tanks urgeEuropean banks should develop more strongly diversified international investment portfolios. This would substantially reduce the risk of contagion in financial market crises, economists have urged. Their findings are included in a policy brief published today by FINESS, an EU-wide research consortium, led by DIW Berlin, the ...
14.06.2010
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Weekly Report
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20.05.2010
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Weekly Report
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20.05.2010
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Weekly Report
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20.05.2010
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Press Release
DIW President, Klaus F. Zimmermann: „Fiscal consolidation is on top of the agenda.”The German economy is expected to show moderate growth for 2010 and 2011. According to the DIW economic outlook, GDP will increase by 1.7 in 2010 and by 1.8 percent in 2011. “We recover from the crisis. However, with respect to financial markets, high uncertainties remain.” said DIW President, ...
14.04.2010
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Weekly Report
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30.09.2009