With constantly increasing new infections of the coronavirus worldwide, a second wave taking place in western Europe and the lack of a clear prospect of a vaccine, China and the US have the better economic prospects for the rest of 2020 and 2021. The ...

Economic divergence in the Eurozone rose to its highest level and fiscal transfers are being used to keep the euro area countries together. The strategy can backfire as money transfers can fuel conflicts by increasing citizens’ dissatisfaction with d ...

Our new real econony index shows that the German economy started a slight recovery by the second week of June.

The risk society is the answer to the uncertainty of the future in the modern, open society. Uncertainty is transformed into risks that are to be minimized or even avoided altogether by measuring them. But the risk society is "reflexive", w ...

Due to the corona pandemic, states are setting up aid programs on an unprecedented scale and central banks are financing a large part of this with newly created money.

The corona crisis has caused new distress in the European Monetary Union. Italy and other southern European countries are struggling desperately for financial assistance from the north, in particular from Germany.