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15.02.2019 - Macroeconomics

How bad are bad loans still in Italy?

by Agnieszka Gehringer

The share of net bad loans over total loans is falling, but gross bad loans in absolute terms continued to rise, implying that the source of bad debt has not been tamed.

18.01.2019 - Macroeconomics

The slow death of the stability pact

by Thomas Mayer

The Stability and Growth Pact has not achieved its objective of "guaranteeing sound public finances” in EMU.

13.12.2018 - Macroeconomics

Brexit: Lower immigration, lower growth

by Agnieszka Gehringer

The uncertainty around Brexit is worsening the UK migration balance with the EU. This can have negative consequences for the British labor market.

30.11.2018 - Macroeconomics

Trade war’s missed goals: the case of steel products

by Agnieszka Gehringer

Since the beginning of 2018 the Trump administration has taken various protectionist measures on US imports. No easing is in sight. In the run-up to the upcoming G-20 summit in Buenos Aires, US President has threatened to intensify protectionist meas ...

20.09.2018 - Macroeconomics

Political test for Europe moves closer

by Agnieszka Gehringer

More than 26 years ago, renowned economists from Germany warned against the monetary policy rules set out in the Maastricht Treaty. Accordingly, a lack of convergence of economic structures would pose a danger to Europe. Economic structures have not ...

16.08.2018 - Macroeconomics

Rise of the Dragon 4.0

by Agnieszka Gehringer, Norbert F. Tofall

By 2025, China is expected to become a technologically independent high-tech superpower. But what is the reaction to this plan? Keeping China economically small is neither legitimate nor wise and it will not succeed. An economically growing China is ...

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