While the U.S. and the U.K. are likely to experience an interest rate turnaround in the near future, monetary conditions in the euro area will remain highly accommodative for a long time. The qualitative and quantitative effects of diverging monetary positions between major central banks are...

The aim of the paper is to analyse the forecasting ability of various potential predictors for real estate prices in Germany over the short term. In the wake of the financial crisis, real estate prices in Germany started to increase markedly and still did so by the end of 2013. Despite a number...

The “Great Recession” has painfully demonstrated the impact of real estate prices on real economic activity. Hence, close examination of real estate price changes is important for business cycle analysis and economic policy. However, most real estate price indices for Germany either exhibit...

Die Bundesregierung hat Mitte Februar ein umfangreiches Konjunkturpaket mit Ausgabenerhöhungen und Steuersenkungen beschlossen. Welche Wirkungen hat der konjunkturelle Impuls auf wichtige volkswirtschaftliche Größen? Im folgenden Beitrag werden die konjunkturellen Effekte des Konjunkturpakets...