To better understand the dynamics of the Chinese economy and its interaction with the global economy, the authors incorporate China into an existing model for the G-3 economies (i.e., the United States, the euro area, and Japan), paying particular attention to modelling the exchange rate and...

With ageing populations and a stronger reliance on individual financial decision-making concerning asset portfolios, retirement schemes, pensions and insurances, it becomes increasingly important to understand the determinants of cognitive ability among the elderly. Macro-economic recession and...

Die Staatsschuldenkrise in der Europäischen Union hat wieder einmal deutlich gemacht, wie nötig Frühindikatoren sind, die rechtzeitig drohende Ungleichgewichte und Schwächen in einzelnen Volkswirtschaften anzeigen. Michael Heise stellt hier eine makroökonomische Scorecard - den Euro Monitor...

Die deutsche Wirtschaft wird im laufenden Jahr trotz der Dämpfung aufgrund der restriktiven Finanzpolitik, des drastischen Anstiegs des Ölpreises sowie der Turbulenzen an den Finanzmärkten und der Aufwertung des Euro um 2,6 % wachsen. Nach dem Urteil der Institute sind die endogenen...

With ageing populations and a stronger reliance on individual financial decision-making concerning asset portfolios, retirement schemes, pensions and insurances, it becomes increasingly important to understand the determinants of cognitive ability among the elderly. To study effects of the...

Twenty years have passed since the largest enlargement of the European Union in history. During the eastern enlargement, 10 new member states entered the union, seven of which belonged to the former Eastern bloc. The new members have since experienced astonishing growth rates, closing the large...

This report offers a strategic view on the economic and inflation environment in the euro area as part of the monetary policy strategy assessment 2025. It reassesses the factors shaping the inflation and economic environment in light of the recent inflation experience, analyses changes in...