Please address media inquiries to:
phone: +49 345 7753-720
e-mail: presse@iwh-halle.de
Team Public Relations
Can Germany’s economy stage an unexpected recovery?Steffen MüllerThe Economist, January 30, 2025
The aim of this workshop is to dig deeper into localisation economies and associated productivity gains. The increasing availability of new cross-border databases at the firm level and of micro-level databases at the firm and individual levels creates the opportunity to analyse localisation economies in novel settings.
Der diesjährige Workshop nahm regionale Unterschiede der wirtschaftlichen und demographischen Entwicklung zwischen Stadt und Land sowie Ost und West in den Blick, aber auch Regionen mit alten Industrien und solche mit vielen jungen Start-ups.
This paper provides a detailed description of an extended version of the ECB's New Area-Wide Model (NAWM) of the euro area (cf. Christoffel, Coenen and Warne, 2008).
This paper analyzes the effect of financial constraints on firms’ corporate social responsibility. Exploiting heterogeneity in firms’ exposure to a monetary policy shock in the U.S., which reduced financial constraints for some firms, I find that firms increase their environmental responsibility.
Using data on import tariffs and investment in U.S. manufacturing industries between 1974 and 2012, we show that upstream tariff reductions are followed by increased down-stream investment.
The recent Global Financial Crisis has highlighted the importance of financial cycles for macroeconomic and financial stability.
We show that debtholder monitoring reduces earnings opacity. Using a natural experiment in the U.S. banking industry that subordinates junior creditors’ claims, we find that exposing junior creditors to greater losses in bankruptcy significantly reduces earnings opacity.
A bank in poor financial shape may have incentives to maintain a lending relationship with a "zombie" firm in order to avoid or delay the recognition of credit losses.
We analyze the evolution of the wage and employment structure in East Germany over the past two decades and compare it to West Germany.
The workshop provided a platform to discuss new developments in the field of empirical and applied macroeconomic modelling and aimed at bringing together academic researchers and practitioners. We called for applied and theoretical papers dealing with time series, business cycles, economic uncertainty and expectations. Papers that explicitly covered the macroeconomic modelling on uncertainty and expectations were particularly welcome.
