European Policy Research
In this section you find analyses and commentaries on European (and especially German) economic and fiscal policy. Particular attention is devoted to the institutional development of the EU, above all monetary union, and its individual policy areas.
Talking Point
Migration boom continued in 2014, but calls remain for policy action
Germany was an attractive destination for migrants in 2014 for the fifth year in a row. The net migration balance climbed again by roughly 20% on the year and clearly exceeded the 500,000 mark for the first time since 1992. Roughly 1.4 million persons immigrated to Germany, the second highest total in the last 65 years (1992: 1.5 million). Since the beginning of the sovereign debt crisis in the eurozone in 2010 a net 1.7 million persons have migrated to Germany, so despite a shrinking domestic population the total population has expanded by approximately half a million. [more]
Chart in focus
Research Briefing
Updating the single market: Will Europe’s digital strategy succeed?
The single market is and remains the centrepiece of Europe’s economic architecture – but current single market arrangements are struggling to keep pace with the digital economy. With digitisation advancing, adapting single market rules becomes increasingly important to ensure its functioning and digital technologies could help unlock some of the remaining single market benefits. The European Commission has made the digital single market (DSM) a key priority, put forward a dedicated strategy in May 2015 and recently announced further steps to strengthen the internal market. Big expectations have been attached to the DSM – yet the gains associated with it are unlikely to materialise automatically. Will Europe’s digital strategy succeed? [more]
In focus
Germany: Testing times for the ruling coalition
The enormous influx of refugees into the EU and especially Germany has continued in recent months. According to the provisional registrations in the German EASY system 758,000 potential asylum seekers have already entered Germany this year to end-October. [more]
EU Monitor
Privatisation in the euro area: Governments should grasp opportunities
As a major element on the new reform agenda for Greece stipulated at the latest eurozone summit in Brussels privatisation has become an important issue for the southern European country. However, privatisation should be a topic for other governments in the euro area, too. Privatisation can generate substantial receipts for the public purse, and it opens up the prospect of increased efficiency in the economy. In several countries the potential for privatisations is by no means exhausted. [more]
Current Issue
Focus Germany: Inflation moving higher, despite subdued core inflation
While the core inflation rate has remained relatively stable since 2011 at an average of slightly above 1% yoy the oil price slump is the main reason for the temporary decline in consumer prices at the start of 2015. However, the oil price rise of some 30% since January and the stabilisation of the EUR exchange rate sent the German inflation rate out of negative territory after just one month and then made it accelerate to 0.7% yoy recently. We therefore expect slightly stronger increases in consumer prices of 0.5% this year and 2.0% in 2016. With our forecast the risks are more pronounced to the downside. The oil price might rise more slowly than expected on account of the global oversupply. In addition, the EUR/USD has now stabilised at above 1.10 after hitting its low in mid-April. Our forecast assumes EUR/USD parity by year-end. [more]
German GDP growth, fiscal balance, view from Berlin
Pay rises and profit growth, German output growth, View from Berlin
GDP growth, inflation, view from Berlin
Spotlight on Germany
Articles on economic policy appear in the following periodicals: 
Dataflash Eurozone
    European elections 2014
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