Germany

Heterogeneous effects across bank types written by Karl-Friedrich Israel, Moritz Pfeifer, Tim Sepp , and Benjamin Treitz.  May 25, 2026 Monetary policy changes the stability of German banks differently based on their ownership and business goals. Existing literature shows that monetary policies stabilize markets but can also encourage institutions to take higher risks. Using monthly balance sheet data […]

  Germany’s third-largest state, Baden-Wurttemberg, held its election on March 8, 2026. Baden-Wurttemberg is the only German state where the Greens have been the leading party for the past 15 years, under their popular prime minister, Winfried Kretschmann. Although Mr. Kretschmann – who did not seek reelection – was known for disciplined pragmatism rather than […]

  Europe faces a growing challenge that cannot be solved easily: the loss of human capital. As global competition for skilled labor intensifies, the European Union is struggling to retain its best minds and attract new ones. This “brain drain” is not a new phenomenon, but it is becoming increasingly acute, structural and geopolitically relevant. […]

“Wir können uns dieses System das wir heute so haben mit dem was wir wirtschaftlich so erwirtschaften in der BRD einfach nicht mehr leisten. Wir leben seit Jahren über unsere Verhältnisse”. “We can simply no longer afford this system that we have today with what we economically generate in the Federal Republic of Germany. For […]

  The direction of the world economy is unclear. Geopolitical crises may disrupt supply chains (wars in various parts of the world), financial overhangs need resolute answers (public debts and interest-rate manipulation) and self-inflicted wounds (United States President Donald Trump’s preference for confrontational approaches, with occasional second thoughts) sometimes generate unpleasant surprises. Previously, governments responded […]