The job market today seems more resistant to crises than it did at the dawn of 2005. Signs of this improvement in market health are supported by the change in long-term unemployment, which is showing a…
Real estate markets are of high overall economic importance. Around 20 percent of overall value added can be traced to real estate activities. The major part of private wealth is held in real estate. In spite…
The project deals with the topic „Long-run perspectives for the recoverability of residential real estate”. In the long run, the value of real estate depends on a multitude of factors. This project aims at…
The project empirically investigated whether the launch of the EU emissions trading scheme has granted electric utilities strategic options to exert market power. To this end, two methods were used: Laboratory…
This project aims at analysing the development of the factor income distribution in Germany and other industrialised countries. In particular, it investigates the role of wage moderation, globalisation,…
This project focuses on typical transaction costs which are faced by investors when they shift the components of their mutual fund portfolios. In consideration of the flat-rate savings tax (Abgeltungsteuer), …
Our research group, Growth and Business Cycles, aims specifically to analyse and forecast short and long term macroeconomic variables. This particular emphasis makes the standard instruments of econometric…
Does it pay for a firm to be green or “responsible” in other ways? And what are the effects of environmental or social policy on the economic success of companies? These questions are central for our understanding…
Expectations play a fundamental role in economic theory. Survey based expectations carry economically important and timely information on the current and future development of economy. The main aim of…