• International Financial Market Data - Assessments and Expectations
• European Stock Markets Expected to Stay Much the Same
• Smaller Majority for a Stable EUR/CHF Rate
• A Rise in Inflation Expectations
• Higher Long-term…

In recent years, there has been a revival of concerns that automation and digitalisation might after all result in a jobless future. The debate has been fuelled by studies for the US and Europe arguing that a…

We study the fiscal consequences of municipal mergers by making use of a largescale merger reform in the German federal state of Brandenburg. This reform, which was implemented from 2001 to 2003, led to a…

• Higher Public Spending to Support Economic Growth
• Sharp Increase Forecast in Company Takeovers in China and Abroad
• New Capital Controls Expected to Have only Minor Impact

We investigate the effect of Europe's largest multilateral subsidy program for R&D-performing, small and medium-sized enterprises on firm growth. The program was organized under a specific budget allocation…

Even if more and more German adolescents acquire a university entrance qualification, not all of them finally enrol at a university. In particular, the transition from school to university strongly depends on…

Does investment in social infrastructure affect the productivity of manufacturing firms in developing countries? To test this question, I empirically investigate the impact of social infrastructure indicators at…