Crisis is Gradually being Overcome – Align Actions to Lower Growth

In their autumn report, the leading German economic research institutes forecast that Gross Domestic Product (GDP) will rise by 2.4% in 2021 and by 4.8% in 2022. The Corona pandemic still shapes the economic situation in Germany. In addition, supply bottlenecks are hampering manufacturing. The German economy will reach normal capacity utilisation in the course of 2022.

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IWH Bankruptcy Update: Figures Remain Low, More Manufacturing Jobs Impacted

Considerably faster than the official statistics, the IWH Bankruptcy Update provides a monthly update on corporate bankruptcy. The number of corporate bankruptcies remained at a historic low level in September. However, the share of manufacturing jobs impacted by bankruptcy increased.

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Communication instead of conflict – why are female CEOs so interesting for hedge funds

Female CEOs particularly benefit from the intervention of hedge fund activists due to their strong communication and cooperation skills. The value of female-led firms is enhanced more by the intervention of activist investors than that of firms with male CEOs.

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Alone at home: Isolation during the Corona pandemic increases likelihood of selfishness

Experiencing social distancing as a measure against the Corona pandemic led participants in an IWH study to make more selfish decisions. However, a reference to norm-consistent behaviour was able to reduce this effect. Focusing on exemplary behaviour could therefore alleviate the negative social consequences of the lockdown.

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We provide independent research on economic topics that really matter and aim to enrich society with facts and evidence-based insights that facilitate better economic decisions. We focus on growth and productivity because we are convinced that economic prosperity enables people to lead happier lives. We provide young researchers a nurturing place to develop their competencies and to make the most of their skills. Working in flat hierarchies, we are driven by open-minded intellectual curiosity and we have the courage to share inconvenient insights.

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Transposition dates of the BRRD

6.5

months was the average delay of the implementation of the Bank Recovery and Resolution Directive (BRRD) by the 27 EU Member States.

Press Releases

14.10.2021 • 26/2021

East German economy less affected by supply bottlenecks than German economy as a whole, but lower vaccination rates pose risks – Implications of the Joint Economic Forecast Autumn 2021 and of Länder data from recent publications of the Federal Statisti

Professor Dr Oliver Holtemöller
Abstract

Supply bottlenecks affect production in the manufacturing sector in East Germany somewhat less than in Germany as a whole. With 1.8%, the increase in Gross Domestic Product in eastern Germany in 2021 therefore is likely to be lower than in Germany as a whole (2.4%); this gap is likely to enlarge in 2022, when supply bottlenecks hamper less (East Germany: 3.6%, Germany 4.8%).

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14.10.2021 • 25/2021

Crisis is gradually being overcome – align actions to lower growth

Professor Dr Oliver Holtemöller
Abstract

The Corona pandemic still shapes the economic situation in Germany. A complete normalisation of contact-intensive activities is not to be expected in the short term. In addition, supply bottlenecks are hampering manufacturing for the time being. The German economy will reach normal capacity utilisation in the course of 2022. In their autumn report, the leading economic research institutes forecast that Gross Domestic Product (GDP) will rise by 2.4% in 2021 and by 4.8% in 2022.

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06.10.2021 • 24/2021

IWH Bankruptcy Update: Bankruptcy Figures Remain Low; More Manufacturing Jobs Impacted

Professor Dr Steffen Müller
Abstract

The number of corporate bankruptcies in Germany remained near to a historic low in September. However, there was a considerable increase in the share of manufacturing jobs impacted by bankruptcy. These are the key findings of the IWH Bankruptcy Update, published by the Halle Institute for Economic Research (IWH), which provides monthly statistics on corporate bankruptcies in Germany.

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14.09.2021 • 23/2021

Production bottlenecks delay recovery

Professor Dr Oliver Holtemöller
Abstract

The German recovery made good progress over the summer 2021. However, bottlenecks in sea transport and the production of intermediate goods are weighing on world trade. The rise in raw material prices has prompted inflation rates to spike, and an increase in new infections is clouding the outlook again. A weak final quarter is therefore to be expected. The Halle Institute for Economic Research (IWH) forecasts that German gross domestic product (GDP) will increase by 2.2% in 2021 and 3.6% in 2022 (East Germany: 1.8% and 2.8%).

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Virtual Workshop: 22nd IWH-CIREQ-GW Macroeconometric Workshop: Environmental Macroeconomics

Keynote Speakers: Carolyn Fischer (Vrije Universiteit Amsterdam and University of Ottawa); John Hassler (Stockholm University)
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