- European Labor Markets: How Can We Effectively Manage Technological and Structural Change?
- What Works? Regional Effects of Universities
- Institutions – Moving to the Global?
- How Do Taxation and Regulation Affect the Real Estate Market?
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Reactions to Supply Chain Disruptions: Evidence from German Firms
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CESIFO FORUM IS NOW ECONPOL FORUM
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Last September, the CESifo Forum was restructured into four sections under the new EconPol brand. The first, Policy Debate of the Hour, recognizes the constantly evolving nature of policy challenges, focusing on the most pressing issues of the times. The Economic Policy and its Impact section assesses economic policies and offers well-researched evidence for their optimal design and implementation. In the Institutions Across the World section, contributors focus on the key role that institutional design plays in shaping socio-economic outcomes. Finally, Big Data-Based Economic Insights presents articles that glean economic policy advice from the exploitation of large, complex datasets.
We hope you enjoy our new EconPol Forum.
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Policy Debate of the Hour
European Labor Markets: How Can We Effectively Manage Technological and Structural Change?
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Economic Policy and its Impact
What Works? Regional Effects of Universities
Higher-education institutions positively influence the development of individual regions in various ways: they have a positive effect on the share of graduates in the region, on the region’s employment in high-tech and knowledge-intensive industries, and on long-term wages. However, the positive effects do not emerge automatically and everywhere to the same degree.
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Institutions Across the World
Institutions – Moving to the Global?
Three major current challenges will force a rethinking of public goods: One is the existential threat of climate change, and the potential geopolitical consequences of that change. The second is the impact of AI on labor market practices. AI is not only an obvious threat to employment, but can also be a valuable complement. The third is the monetary disruption that is being ushered in by technologies such as blockchain, with the possibility of generating non-state money. Alternative modes of money may offer challengers a way of asserting power.
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Big Data-Based Economic Insights
How Do Taxation and Regulation Affect the Real Estate Market?
Large-scale real estate data from Germany indicate that subsides, taxes, and regulation do not always work as intended. Rent caps, in particular, can have significant unintended consequences through lowering housing supply. On the other end of the spectrum, purchase subsides drive up prices and do not make housing more affordable. Real-estate transfer taxes, in turn, lead to a reduction in property prices. Understanding these at times unintended effects is vital for effective policymaking.
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Reactions to Supply Chain Disruptions: Evidence from German Firms
The vast majority of German companies have taken concrete action to adjust their supply chains in the wake of the coronavirus pandemic, as a survey of 4,000 companies published in the new EconPol Policy Brief shows. The survey found that 87 percent of manufacturing companies have changed their sourcing strategy in response to supply chain disruptions. In wholesale, the respective share was 76 percent; in retail, it was 63 percent.
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EconPol is CESifo’s economic policy platform. With key support from the ifo Institute, it seeks to leverage CESifo’s globe-spanning network of 1 800 high-ranked economists – eleven of whom have won the Nobel Prize – and ifo’s decades-deep research expertise to provide well-founded advice to European policymakers.
Drawing on the wide range of specializations of its members, EconPol’s mission is to contribute to the crafting of effective economic policy in the face of the rapidly evolving challenges faced by the European Union, to the ultimate benefit of all its member states.
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