IWH EXplore
IWH EXplore Competitive Funding for Research Projects with External Involvement at IWH IWH EXplore gives scientists the opportunity to acquire supplemental funding, in addition to…
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Projects
Our Projects 07.2022 ‐ 12.2026 Evaluation of the InvKG and the federal STARK programme On behalf of the Federal Ministry of Economics and Climate Protection, the IWH and the RWI…
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IWH EXplore Scholarship
IWH EXplore Scholarship Guidelines for the Awarding of IWH EXplore Scholarships (PDF, 290 kB) The IWH awards scholarships for the performance of a research task within an IWH…
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Datenbedarfe für ein Monitoring des Förderprozesses der Kapitel-1-Maßnahmen des Investitionsgesetzes Kohleregion (InvKG). Handbuch B
Matthias Brachert, Alexander Giebler, Mirko Titze
IWH Technical Reports,
No. 2,
2023
Abstract
Die vorliegende Expertise verfolgte das Ziel, Datenbedarfe für die Evaluierung der Kapitel-1-Maßnahmen des InvKG abzuleiten. Die Evaluierung und die daraus entstehenden Datenbedarfe müssen sich in ein theoretisches Modell der ökonomischen Literatur zur Wirkung von Politikmaßnahmen einordnen lassen. Bei den Kapitel-1-Maßnahmen handelt es sich im weitesten Sinne um Investitionen in wirtschaftsnahe Infrastrukturen. Charakteristisch für Infrastrukturen ist, dass sie durch mittlere Zeiträume der Planung und Errichtung auf der einen sowie lange Nutzungszeiträume auf der anderen Seite gekennzeichnet sind. Hinzu kommt, dass die Phasen der Planung/Errichtung und der Nutzung Aspekte von Marktmängeln berühren. In der Praxis unterliegt dieser Bereich daher einer umfassenden staatlichen Regulierung.
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The IWH Forecasting Dashboard – From Forecasts to Evaluation and Comparison
Katja Heinisch, Christoph Behrens, Jörg Döpke, Alexander Foltas, Ulrich Fritsche, Tim Köhler, Karsten Müller, Johannes Puckelwald, Hannes Reichmayr
IWH Technical Reports,
No. 1,
2023
Abstract
The paper describes the “Halle Institute for Economic Research (IWH) Forecasting Dashboard (ForDas)”. This tool aims at providing, on a non-commercial basis, historical and actual macroeconomic forecast data for the Germany economy to researchers and interested audiences. The database renders it possible to directly compare forecast quality across selected institutions and over time. It is partly based on data collected in the DFG-funded project “Macroeconomic Forecasts in Great Crises”.
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Aleksandr Kazakov, Michael Koetter, Mirko Titze, Lena Tonzer
Abstract
We study whether government subsidies can stimulate bank funding of marginal investment projects and the associated effect on financial stability. We do so by exploiting granular project-level information for the largest regional economic development programme in Germany since 1997: the Improvement of Regional Economic Structures programme (GRW). By combining the universe of subsidised firms to virtually all German local banks over the period 1998-2019, we test whether this large-scale transfer programme destabilised regional credit markets. Because GRW subsidies to firms are destabilised at the EU level, we can use it as an exogenous shock to identify bank responses. On average, firm subsidies do not affect bank lending, but reduce banks’ distance to default. Average effects conflate important bank-level heterogeneity though. Conditional on various bank traits, we show that well capitalised banks with more industry experience expand lending when being exposed to subsidised firms without exhibiting more risky financial profiles. Our results thus indicate that stable banks can act as an important facilitator of regional economic development policies. Against the backdrop of pervasive transfer payments to mitigate Covid-19 losses and in light of far-reaching transformation policies required to green the economy, our study bears important implications as to whether and which banks to incorporate into the design of transfer Programmes.
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26.01.2022 • 2/2022
Investment, output gap, and public finances in the medium term: Implications of the Second Supplementary Budget 2021
With the Second Supplementary Budget 2021, the German government plans to allocate a reserve of 60 billion euros to the Energy and Climate Fund. This additional spending is also meant to reduce the macroeconomic follow-up costs of the pandemic. According to the IWH’s medium-term projection, the expenditure is expected to increase output by about 0.5% at the peak of its impact in 2024. “While this macroeconomic effect is welcome, the additional investment will by no means compensate for the lack of investment activity since the beginning of the pandemic,” says Oliver Holtemöller, head of the Department Macroeconomics and vice president at Halle Institute for Economic Research (IWH). Moreover, the supplementary budget is likely to reduce confidence in the reliability of the debt brake.
Oliver Holtemöller
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01.07.2020 • 11/2020
New Horizon 2020 project: The Challenge of the Social Impact of Energy Transitions
Funded by the European Commission’s Framework Programme Horizon 2020, the ENTRANCES project recently closed its kick-off meeting with a high scientific and institutional participation, and taking on the challenge of modeling the social impact of the energy transition.
Oliver Holtemöller
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12.02.2020 • 2/2020
Causes of populism: IWH begins international research project
Is the increasing strength of populist parties due to economic causes? The Halle Institute for Economic Research (IWH) is set to play a leading role in scrutinising this controversial question with immediate effect, together with researchers from England, Scotland and the Czech Republic. The Volkswagen Foundation is funding this interdisciplinary project to the tune of almost one million euro for four years.
Steffen Müller
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18.12.2018 • 22/2018
IWH leads large scale EU research project on productivity
Is productivity growth slowing in industrialised countries? And if so, why? From the start of 2019, the Halle Institute for Economic Research (IWH) will be addressing these questions as the coordinator of a new EU project. Economists and statistics experts from nine European partners will collaborate on the three-year project, entitled MICROPROD. With a total budget of just under three million euros, it is the IWH’s largest EU project to date.
Steffen Müller
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