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'Rust in peace': Why are Germany’s bridges and schools falling apart?Oliver HoltemöllerThe Guardian, June 3, 2025
The workshop provided a platform to discuss new developments in the field of empirical and applied macroeconomic modelling and aimed at bringing together academic researchers and practitioners.
Using a laboratory experiment we examine how social comparisons affect behavior in a sequential search task. In a control treatment, subjects search in isolation while in two other treatments subjects get feedback on the search decisions and outcomes of a partner subject.
This paper studies the long-run effects of credit market disruptions on real firm outcomes and how these effects depend on nominal wage rigidities at the firm level.
The widespread emergence of intangible technologies in recent decades may have significantly hurt output growth-even when these technologies replaced considerably less productive tangible technologies-because of low interest rates.
The talk covers an experimental paper as well as a theory paper, both on economic situations where an agent's payoff depends on market interactions between other agents. In the experimental paper, we assess the ability of human agents to predict the quilibrium of such interactions.
This paper explores how bank concentration affects product market competition of non-financial firms. We argue, and provide evidence, that sharing common lenders lowers the cost of debt financing. This is because common lenders internalize potential adverse effects of higher loan rates on the product market behavior of their borrowers’ competitors.
Gesprächspartner von IWH-Präsident Reint E. Gropp ist diesmal der Chef der Europäischen Bankenaufsichtsbehörde (EBA), Andrea Eria. Als Teil des Europäischen Systems der Finanzaufsicht (ESFS) ist es Aufgabe der EBA, ein wirksames und kohärentes Maß an Regulierung und Beaufsichtigung im europäischen Bankensektor zu gewährleisten. Sie soll helfen, die Finanzstabilität in der EU zu wahren und das ordnungsgemäße Funktionierens des Bankensektors zu sichern.
In this paper, we investigate the economic returns to industrial espionage by linking information from East Germany's foreign intelligence service to sector-specific gaps in total factor productivity (TFP) between West and East Germany.
Banks’ limited knowledge about borrowers’ creditworthiness constitutes an important friction in credit markets. Is this friction deeper in recessions, thereby contributing to cyclical swings in credit?
