(with Christoph Schult and Anna Solms) IWH Discussion Paper 4/2026 Abstract: Many countries and regions remain below the level of economic activity of the world’s most advanced economies. Some countries form growth clubs, some are stuck in the middle-income trap, …
Growth Clubs and Regional Economic Convergence in Germany Read more »
IWH Discussion Paper 3/2018 (together with Jan-Christopher Scherer) Abstract: In this paper, we investigate to what extend sovereign stress and banking stress have contributed to this increase in the level and in the heterogeneity of nonfinancial firms’ refinancing costs in …
(together with Steven Devaney and Rainer Schulz), IWH Discussion Paper 15/2012 Abstract: Informationally efficient prices are a necessary requirement for optimal resource allocation in the real estate market. Prices are informationally efficient if they reflect buildings’ benefit to marginal buyers, …
Efficiency in the UK Commercial Property Market: A Long-run Perspective Read more »