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.

27.12.2018 - Society & Finance

Active versus passive: What really matters for bonds

by Agnieszka Gehringer Kai Lehmann

The discussion about "active vs. passive" has been intensive for many years. So far, the focus has mostly been on equities. However, the discussion is now spreading to the bond side.

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 - 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.
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