Die deutsche Wirtschaft ist zuletzt kaum vom Fleck gekommen. Nach der Winterrezession und einer Stagnation im zweiten Quartal geht es nun in Trippelschritten bergauf. Kräftigere Zuwächse der Löhne und Gehälter zusammen mit einer niedrigeren Inflation dürften den Startschuss für eine...

The German economy has returned to a recovery course following a slight recession over the winter. Although the war in Ukraine, record inflation, and feared gas shortages have taken their toll on the German economy, a drastic slump failed to materialize. The German economy remained relatively...

Following the winter recession and stagnation in the second quarter of 2023, the economic upswing is proceeding at a sluggish pace, contrary to expectations over the summer. Weak foreign demand and ongoing inflation have proven to be slowing economic growth. For the time being, private...

Housing bubbles and crashes are catastrophic events for economies, implying enormous destruction of housing wealth, financial default risks, construction unemployment, and business cycle downturns. This paper investigates whether governmental housing policies can affect economies' propensity to...

Die Erholung der deutschen Wirtschaft wird zur Geduldsprobe. Im dritten Quartal dieses Jahres lief es schlechter als erwartet - vor allem, weil die privaten Haushalte trotz steigender Löhne und sinkender Inflation ihr Geld nach wie vor nur zurückhaltend ausgeben. Der private Konsum und auch...

The recovery of the German economy is becoming an exercise in patience. In the third quarter of 2023 the economy fared worse than expected, in particular because private households continued to spend their money conservatively despite climbing wages and falling inflation. Both private...

Urban areas are confronted with a chronic shortage of housing, especially in the low-rent segment. This precarious situation is further exacerbated by major challenges, like the destruction of housing by wars and natural catastrophes, rapid increase of demand, or a pandemic cutting incomes. In...