15.11.2018 - Wealth Price Index

Q3-2018: Inflation loses momentum

by Philipp Immenkötter

At the end of the third quarter of 2018, the prices for assets held by German households rose by 4.8 %. While tangible assets and especially real estate are still on an upward trend, prices for financial assets were stagnating. Differences in both th ...

31.10.2018 - Economics, Politics & Philosophy

Currency competition to save the euro

by Thomas Mayer, Norbert F. Tofall

The expectation that the member states of the European Monetary Union would adapt over time to the requirements of a single European currency has not been fulfilled. In order to ward off a politically and economically costly collapse of the euro, it ...

25.10.2018 - Economics, Politics & Philosophy

Italy's budget dispute with EU Commission

by Norbert F. Tofall

Italy speculates that the European Commission, the other euro countries and the ECB want to prevent a disorderly break-up of the monetary union and that therefore no corresponding majorities will be formed in the Council of the European Union and the ...

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 ...

10.09.2018 - Society & Finance

What made the Great Depression so great?

by Marius Kleinheyer

The usual narrative of the Great Depression in America is misleading. Interventionism, not the market, led to the world economic crisis of 1929.

16.08.2018 - Society & Finance

Yesterday wow, tomorrow pooh – Factor strategies in the European ETF market

by Agnieszka Gehringer, Kai Lehmann

"Smart beta” ETFs are becoming increasingly popular in Europe as well. However, similar to their US counterparts, their performance to date is at best average.