In Zeiten einer plötzlichen Krise, wie man sie ausgelöst durch das Coronavirus seit März 2020 in Europa erlebt, können offizielle Statistiken die aktuellen wirtschaftlichen Entwicklungen nicht wiedergeben, weil diese erst mit mehreren Wochen Verzögerung veröffentlicht werden. Eine Reihe...

In the international economic policy debate Germany is criticized heavily for its current account surplus. This paper describes the factors that have led to the surplus and discusses the policy implications. The current account surplus is mainly a result of higher savings, driven by an ageing...

On 29 March 2017, the UK Government notified its exit to the EU in accordance with Article 50 of the EU Treaty. Brexit is therefore officially initiated. On 29 April, the Heads of State and Government of the European Council adopted the guidelines for negotiations between the EU and the UK in...

The first part of this short report uses the newest available data from the Bureau of Economic Analysis (BEA), an agency of the US Department of Commerce, to analyse economic relations between the US and the EU. The data is used to decompose the components of the US current account balance, and...

On September 24th 2018, the United States introduced import tariffs on a wide range of Chinese products. The tariffs will affect US imports from China with a value that exceeds USD 250 billion -around 50% of all imports. In this analysis we show that, contrary to public opinion, the greatest...

This policy brief uses a modern general equilibrium trade model to simulate the effects of the Chinese-American trade dispute. It finds that the tariffs and countertariffs implemented as of today cost the US €2.6 billion and China €5.7 billion of GDP. Both economies lose, but China loses...

The authors analyze the economic consequences of the Economic and Trade Agreement (ETA) between China and the USA, also referred to as the Phase-I Deal, which was signed on January 15, 2020. It is a highly asymmetric treaty which commits China to open its markets and to purchase large quantities...

Das Wirtschafts- und Handelsabkommen (ETA) zwischen den USA und China trat am 14. Februar 2020 in Kraft und eröffnete eine neue Phase in der schon langandauenden handels- und geopolitischen Rivalität zwischen beiden Ländern. Das ETA enthält spezifische Ziele für die Erhöhung der...

Werden unsere Enkel noch in ebensolchem Wohlstand aufwachsen wie unsere Kinder? Und was müssen wir heute hierfür tun? Diese Fragen stellen sich angesichts der sicherheitspolitischen Lage in Europa und der Erosion des Wirtschaftsstandorts Deutschland immer häufiger. Der Wissenschaftliche...

Supply security is threatened by technical, business, natural and policy shocks. Geopolitical tensions and climate change are likely to exacerbate the risks. Is there a rationale for policy intervention? If yes, what are efficient and effective measures that achieve derisking at the lowest...