This paper studies market segmentation that arises from the introduction of a price ceiling in the market for rental housing. When part of the market faces rent control, theory predicts an increase of free-market rents, a consequence of misallocation of households to housing units. We study a...

The conflict between Russia and Ukraine that started in March 2014 resulted in bilateral economic sanctions imposed by Russia and Western countries, including the members of the euro area (EA). The paper investigates the impact of sanctions on the real side of the economy of Russia and the EA....

Although the economic boom in Germany is over, a recession is not looming. The economy is still expected to grow by 1.0 percent this year despite its recent weaker performance. Consumption remains a mainstay of the economy; the average annual increase in the number of employees is likely to be...

Die Hochkonjunktur in Deutschland ist vorüber, eine Rezession, droht indes nicht: Trotz der jüngst schwächeren Konjunktur, dürfte die Wirtschaft in diesem Jahr um 1,0 Prozent, wachsen. Eine tragende Säule bleibt der Konsum: Im Jahresdurchschnitt, wird die Zahl der Arbeitnehmerinnen und...

After a turbulent summer, marked by a weak second and a likely stronger third quarter, the German economy should return to an average pace of growth and end up with a growth rate of 0.9 percent in 2019. Despite the more subdued pace, capacity utilization remains high; employment growth is...

Die deutsche Wirtschaft schwenkt nach einem turbulenten Sommerhalbjahr - schwächeres zweites Quartal gefolgt von einem wohl kräftigeren dritten Quartal - auf ein durchschnittliches Tempo ein und dürfte dieses Jahr um 0,9 Prozent wachsen. Trotz der etwas geringeren Dynamik bleiben die...