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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 ...

18.07.2018 - Macroeconomics

US monetary policy in the trade war

by Agnieszka Gehringer

Trade wars have the potential to create additional inflationary pressures before economic activity weakens. US monetary policy could be more restrictive at first, but then more expansionary again.

08.06.2018 - Macroeconomics

Italy's "government of change" and public finances out of balance

by Agnieszka Gehringer

Italy's political risk is not expected to diminish soon. The coalition of Five Stars and Lega has been revived. This means that negative prospects for Italy's public finances are once again topical.

13.04.2018 - Macroeconomics

US dollar weakness under the microscope

by Agnieszka Gehringer

Why is the US dollar so weak? After all, a similar policy-mix of a tax reform and monetary tightening by the Fed at the beginning of the 1980s led to a 40-percent appreciation of the US currency.

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