Centre for European Economic Research

Gegenwartsdominanz und Wirkungsdefizite in der deutschen Haushaltspolitik – Diagnose und Reformoptionen

Abstract Despite a historic expansion of borrowing capacity through the 2025 debt brake reform and the new 500 billion euro special fund for infrastructure and climate neutrality (SVIK), the future orientation of Germany’s core federal budget continues to decline. This article id...

Cohesion Policy and Economic Growth in EU Regions

Abstract EU Cohesion Policy (CP) absorbs roughly one-third of the EU budget. This article reviews the causal evidence on the effects of CP on the economic growth and convergence of EU regions. The verdict is positive but modest: GDP multipliers are around one euro of output per e...

The Future Ratio: A New Metric for Forward-Looking Fiscal Policy in Europe

Abstract This article introduces the “Future Ratio”, a novel indicator designed to assess the future orientation of public expenditure in European countries. While traditional investment ratios focus primarily on tangible capital formation, the Future Ratio encompasses a broader...

Frontier technology adopters and the aggregate decline of routine jobs

We provide micro-founded evidence on how establishment-level adoption of frontier technologies shapes the economy-wide occupational employment structure. Linking survey data on technology adoption between 2011 and 2016 by 1660 German incumbent establishments to administrative wor...

International climate finance and emission reductions: what do the last twenty years tell us?

Abstract We empirically examine the impact of international climate finance transfers on recipient countries’ carbon emissions. We analyse the effect of mitigation and adaptation finance using emission data of 164 non-OECD countries from 2000 to 2017. We use a distributed lag mod...