News Archive

Pillars-EconPol-Conference

Mastering Technological and Structural Change

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Event | Livestream
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On July 12, 2022 the EconPol Pillars Conferce on European Labor Markets will take place in Brussels. Starting at 9:30 CEST a.m., the conferece discusses the impact of increasing competition with China and Latin America and digital transformation on labor markets in Europe. Livestream of the event will be available unter www.ifo.de/en/live.

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Automotive Industry

How Dependent Is Germany on Raw Material Imports?

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Policy Brief
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The Ukraine war and geopolitical tensions pose major challenges for supply chains. Whereas shortages of microchips became a symbol of supply chain disruptions during Covid-19, a survey from June 2022 from the ifo Institute shows that over 74% of German manufacturing firms report production disruptions due to shortages of different types of inputs and raw materials. The production of key technologies that are necessary, for instance for the energy transition, often depends on imported raw materials.

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Flag EU

Reforming Economic Governance in the Eurozone

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Policy Brief
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How to deal with the already high levels of national debt in view of rising inflation in the eurozone? In his new Policy Brief Clemens Fuest argues that giving governments more debt leeway is the wrong way to go. Fiscal policy coordination should instead focus more on reallocating public expenditure and thus on increasing its quality rather than its quantity.

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Flags Europe

The European Added Value of the Recovery and Resilience Facility

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Policy Report
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How do national governments use funds from the European Recovery and Resilience? A new EconPol Policy Report conducts an in-depth analysis of the national recovery and resilience plans of Austria, Belgium, and Germany. The results suggest that the EU funds are extensively used to replace national spending that governments would have made anyway. The share of new investment projects is smallest in Germany (52%) and highest in Belgium (77%). Austria ranks in the middle with 54%.

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Made in China

How Dependent is the German Economy on China?

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Policy Report
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In recent decades, China has risen to become Germany’s most important trading partner for international trade in goods. Has Germany become too dependent from trade with China? A new Policy Report shows that China plays an important, but by no means dominant role for Germany as a supplier or destination market. However, 46% of German firms in the manufacturing sector state that they currently depend on important intermediate inputs from China. Of those, almost half of the firms are planning to reduce imports from China in the future.

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