Compared to other euro area countries, Ireland has been one of the countries most heavily hit by the worldwide financial crisis, yet, also one with the strongest and quickest recovery. Foreign controlled affiliates of multinational companies dominate economic activity, attracted by low corporate...

Um zu verhindern, dass die deutsche Wirtschaft immer tiefer in den Abwärtssog der globalen Rezession gezogen wird, muss die Finanzpolitik entschlossen gegensteuern. Das von der Bundesregierung beschlossene Maßnahmenbündel ist hierfür völlig unzureichend. Durch ein hoch dosiertes und...

Das IMK analysiert regelmäßig mittels Daten von Eurostat die Entwicklung der Arbeits- und der Lohnstückkosten in Europa. In dieser aktuellen Auswertung wird die Entwicklung der Arbeitskosten in der Privatwirtschaft, im privaten und im öffentlichen Dienstleistungssektor und im Verarbeitenden...

Based on Eurostat data the Macroeconomic Policy Institute (IMK) regularly analyses the development of labour costs and unit labour costs in Europe. This report presents labour cost trends in the private sector, disaggregated for private as well as public services and manufacturing industry, for...

The paper investigates in how far lax monetary policy (defined as deviations from prescriptive monetary policy rules or past trends) and/or financial innovation can be seen as a cause for housing price bubbles in industrialized countries. From a theoretical perspective, it is found that there...

Compared to other euro area countries, Ireland has been one of the countries most heavily hit by the worldwide financial crisis, yet, also one with the strongest and quickest recovery. Foreign controlled affiliates of multinational companies dominate economic activity, attracted by low corporate...