IWH-CompNet 5th FINPRO
IWH-CompNet 5th Finance and Productivity Conference 24-25 April, 2026 - Tokyo, Japan The IWH-CompNet 5th Finance and Productivity Conference (FINPRO5), held on 24–25 April 2026 at…
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Alumni
Alumni IWH provides guidance and support in job placement after graduation, including letters of recommendation and career advice. Graduates have found placements in academia…
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Research Clusters
Three Research Clusters Each IWH research group is assigned to a topic-oriented research cluster. The clusters are not separate organisational units, but rather bundle the…
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Economic Outlook
Joint Economic Forecast Spring 2026 Energy Price Shock Dampens Recovery – Inflation Rises April 1, 2026 Although the leading economic research institutes consider the German…
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Konjunktur aktuell: Zeitenwende für die deutsche Wirtschaft?
Konjunktur aktuell,
No. 1,
2025
Abstract
Die Ankündigungen und Entscheidungen der neuen US-Regierung um den Russland-Ukraine-Konflikt und die Zollpolitik haben weltweit zu hoher Unsicherheit geführt. Im Euroraum bleibt die Konjunktur schwach. Auch die deutsche Konjunktur ist weiter im Abschwung. Das Bruttoinlandsprodukt dürfte im Jahr 2025 um 0,1% und im Jahr darauf um 1,3% zunehmen.
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The German Energy Crisis: A TENK-based Fiscal Policy Analysis
Alexandra Gutsch, Christoph Schult
IWH Discussion Papers,
No. 1,
2025
Abstract
We study the aggregate, distributional, and welfare effects of fiscal policy responses to Germany’s energy crisis arising in 2022 using a novel ten-agent new Keynesian (TENK) model. The crisis, compounded by the COVID-19 pandemic, led to sharp price increases and significant consumption disparities. Our model, calibrated to Germany’s income and consumption distribution, evaluates key policy interventions. We find that untargeted transfers had the largest short-term aggregate impact, while targeted transfers for lower-income households were most cost-effective. Other instruments yielded comparably limited welfare gains. The results highlight how targeted fiscal measures can address distributional effects and stabilize consumption during crises.
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Box 3.6.: Place-based industrial policies and credit markets: Evidence from the former East and West
Aleksandr Kazakov, Michael Koetter
EBRD Transition Report 2024-25,
December
2024
Abstract
The Transition Report 2024-25 focuses on industrial policies in the EBRD regions and beyond. Such policies have seen a resurgence, seeking to address market failures such as environmental degradation. However, their track record is mixed. Their growing popularity is shaped primarily by domestic political economy considerations and rising geopolitical tensions. While industrial policies are typically employed by higher-income economies, they are also now used more frequently in economies with less administrative and fiscal capacity to implement them.
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Job Market Candidates
Job Market Candidates Marius Fourné Marius Fourné is a PhD candidate in Economics at the Halle Institute for Economic Research (IWH) and Martin Luther University of…
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Virtual Conference on Sustainable development, firm performance and competitiveness policies in small open economies
Virtual Conference on Sustainable development, firm performance and competitiveness policies in small open economies This Conference has been jointly organised by CompNet and…
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Charts
Info Graphs Sometimes pictures say more than a thousand words. Therefore, we selected a few graphs to present our main topics visually. If you should have any questions or would…
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