News Archive

Real Estate market

How Do Taxation and Regulation Affect the Real Estate Market?

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EconPol Forum
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In the past decade, housing costs have risen tremendously. While real estate prices in Germany have increased by around 50percent, major cities have experienced an even stronger surge. Likewise, rents have substantially increased, particularly in major cities. The Big Date article in the new EconPol Forum 5/2022 provides an overview of four projects that assess the effects of regulation and taxation as well as the pandemic’s impact on the German real estate market, using large-scale property price as well as survey data. Do subsidies make housing purchases more affordable?

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Labor Market

European Labor Markets: How Can We Effectively Manage Technological and Structural Change?

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EconPol Forum
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In this issue of the EconPol Forum, our authors discuss how Europe can more effectively address all these challenges and solve the associated labor market problems caused by rapid structural change. The authors also provide helpful policy recommendations for national governments and EU companies.

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News Supply Chains

Reactions to Supply Chain Disruptions: Evidence from German Firms

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Policy Brief
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Since the outbreak of the Covid-19 pandemic, the configuration of international supply chains has received increased public attention. Pandemic-related disruptions in production and transportation have led to questions about the reliability of international production networks. Moreover, the war in Ukraine and the associated sanctions against Russia have cast a new light on the geopolitical significance of economic interdependencies with autocratic regimes. How do firms react to these developments, and have they already adjusted their sourcing strategies?

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News EconPol Forum

CESifo Forum is now EconPol Forum

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EconPol Forum
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In September 2022 the CESifo Forum was reshaped under the new EconPol brand. The new EconPol Forum is structured into four sections. The first, Policy Debate of the Hour, recognizes the constantly evolving nature of policy challenges, focusing on the most pressing issues of the times. Leading researchers are invited to share their insights and policy conclusions.

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corporate taxes

Corporate Taxes Reduce Investment: New Evidence from Germany

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Policy Brief
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A new EconPol Policy Brief shows that in Germany, higher corporate taxes lead to a decline in private investment: a one percentage point increase in corporate taxes is associated with a cut in firm investment of around three percent.  This means that each additional Euro of tax revenues comes at the cost of a decrease in firm investment of more than two Euro. If taxes are increased during a recession, the magnitude of the investment response is twice as large. The authors conclude that fiscal policy should therefore avoid higher corporate taxation in times of economic crisis.

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