Please address media inquiries to:
phone: +49 345 7753-720
e-mail: presse@iwh-halle.de
Team Public Relations
Germany’s economy is so bad even sausage factories are closingIWHThe Economist, January 15, 2026
We embed a banking sector with deposit market power into a macroeconomic model to quantify the deposits channel of monetary policy.
We study the implications of multi-period mortgage loans for monetary policy, considering several realistic modifications – fixed interest rate contracts, lower bound constraint on newly granted loans, and possibility for the collateral constraint to become slack – to an otherwise standard DSGE model with housing and financial intermediaries.
The Halle Institute for Economic Research (IWH) and the International Network for Economic Research (INFER) were organising a workshop on risk spillover, current challenges for sustainable fiscal policy, and evaluations of pan-European transfers.
This paper investigates, whether conventional interest rate policy of central banks is a suitable instrument to attenuate excessive mispricing in stocks as suggested by the proponents of a 'leaning against the wind' (LATW) monetary policy.
The Halle Institute for Economic Research (IWH) - Member of the Leibniz Association and the International Network for Economic Research (INFER) were organising a workshop on unconventional monetary policy, international monetary policy spillovers, financial stability and monetary policy.
The workshop provides a platform to discuss new developments in the field of empirical and applied macroeconomic modelling and aims at bringing together academic researchers and practitioners. We invite applied and theoretical papers dealing with time series and broad macroeconomic topics. Papers that explicitly cover the macroeconomic modelling, forecasting and monetary policy reactions on inflation are particularly welcome.
Existing empirical studies on the effect of monetary policy on bank lending almost exclusively focus on a closed economy setting and ignore the interactions between domestic monetary policy and international financial markets.
