Effects of Real Estate Prices in the Business CycleThe Effects of Real Estate Price Fluctuations on the Business Cycle

A Two-Way Relationship

The current financial market problems show that the fluctuations of real estate prices have important consequences for the business cycle.

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Global InvestmentGlobal Investment Boom – A Look at the Facts

Global Investment Boom – A Look at the Facts

Globally an enormous investment boom is under way. In nominal terms gross capital formation has more than doubled worldwide since the trough in 2001 and will reach 14,000 billion US-dollar in 2008.

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Reform Proposals in ComparsionReform of the German Personal Income Tax – an IW Proposal

Relieving the Tax Burden of the Middle Class

Past income tax reforms have benefited taxpayers differently. To avoid inflation-induced tax increases and prevent „cold progression“ the tax relief should be spread uniformly across all incomes.

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Mortgage Loans in the USSecurisation

Lessons from the Subprime Crisis

In recent years securitisation, i.e. financing loans directly via capital markets, has considerably gained in importance and frequency. The subprime crisis has exposed its deficiencies, however. When mortgage financiers were able to shift the credit risks to the capital market the lending standards declined significantly.

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Widening Engineer GapThe Labor Market for Engineers in Germany

Coping With the Growing Gap

In Germany, the shortage of engineers amounted to some 70,000 in 2007, increasing the number of vacancies by 44 percent in one year. Bavaria, Baden-Wuerttemberg and North Rhine-Westphalia alone accounted for two-thirds of the gap.

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Sunday, November 23, 2008
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