This paper examines how news coverage of the European Central Bank (ECB) affects consumer inflation expectations in the four largest euro area countries. Utilizing a unique dataset of multilingual European news articles, we measure the impact of ECB-related inflation news on inflation...

The slight slowdown of consumer price infl ation in Germany in November does not yet constitute the beginning of lower infl ation rates. Even though energy prices are dragging infl ation, producer prices have drastically increased in the past year. Our estimates indicate that infl ation rates...

Debates on industrial policy surged in the wake of the current crises. Policymakers, however, should not lapse into conserving old structures which too often prove obsolete. Instead, key industries with high-quality jobs and future growth prospects must be identifi ed. These are...

Deutschland befindet sich in einer andauernden Schwächephase. Die Wirtschaft ist seit dem Ausbruch der Coronapandemie nicht mehr gewachsen. Vor diesem Hintergrund stellt sich im Vorfeld der Bundestagswahl die Frage, wie die Parteien die Investitionstätigkeit ankurbeln wollen und welche...