EU Funds
EU Funds Participant Portal of the European Commission EU Bureau of the BMBF (Federal Ministry of Education and Research) KOWI - European Liaison Office...
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IWH Doctoral Programme in Economics
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IWH European Real Estate Index
IWH European Real Estate Index The IWH European Real Estate Database is a new data...
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Speed Projects
Speed Projects On this page, you will find the IWH EXplore Speed Projects in...
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Kommentar: Der rosa Rentenelefant
Reint E. Gropp
Wirtschaft im Wandel,
No. 3,
2021
Abstract
Das Sondierungspapier von SPD, Grünen und FDP ist in einigen Punkten überraschend konkret. Zwölf Euro Mindestlohn, keine Steuererhöhungen, die Schuldenbremse bleibt, ein Bürgergeld, Bürokratieabbau, eine Solardachpflicht. Abgesehen davon, dass unklar bleibt, wie ohne Steuererhöhungen und mit Schuldenbremse die Ausgaben finanziert werden sollen, ist das Papier allerdings in einem entscheidenden Punkt erstaunlich vage: Wie sollen die Renten vor dem Hintergrund des demographischen Wandels finanziert werden?
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IWH Treuhand Database
IWH Treuhand Privatisation Micro Database The IWH Treuhand Micro Database is a new...
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Transformation tables for administrative borders in Germany
Transformation tables for administrative borders in Germany The state has the ability...
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Economic Forecasts
Economic Forecasts IWH regularly generates various economic forecasts for the...
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Corporate Loan Spreads and Economic Activity
Anthony Saunders, Alessandro Spina, Sascha Steffen, Daniel Streitz
SSRN Working Paper,
2021
Abstract
We use secondary corporate loan-market prices to construct a novel loan-market-based credit spread. This measure has considerable predictive power for economic activity across macroeconomic outcomes in both the U.S. and Europe and captures unique information not contained in public market credit spreads. Loan-market borrowers are compositionally different and particularly sensitive to supply-side frictions as well as financial frictions that emanate from their own balance sheets. This evidence highlights the joint role of financial intermediary and borrower balance-sheet frictions in understanding macroeconomic developments and enriches our understanding of which type of financial frictions matter for the economy.
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Corona
Corona The pandemic has posed unprecedented challenges to society and the economy. What is...
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