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Press release archive

04 December 2008

Christmas presents: little appreciated but sold at a premium

Christmas presents are worth less than their actual purchasing price to the typical recipient. At the same time, recipients would tend to demand a far higher price if somebody attempted to purchase the present from them. This so-called "endowment effect" is confirmed by a recent survey performed by RWI Essen in the course of which more than 500 students of various disciplines were surveyed at the Ruhr University in Bochum, Germany. The study revealed that the effect does not depend on the price of the present and is less pronounced in ...
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14 October 2008

Gemeinschaftsdiagnose: Deutschland am Rande einer Rezession

Im Herbst 2008 befindet sich die Weltwirtschaft im Abschwung. Zu den Abwärtstendenzen haben verschiedene Faktoren beigetragen: der weltweite rohstoffpreisbedingte Inflationsschub, das Auftreten von Korrekturen an den Immobilienmärkten einer zunehmenden Anzahl von Ländern sowie die weltweite Finanzmarktkrise. Deren dramatische Zuspitzung in jüngster Zeit trübt den konjunkturellen Ausblick zusätzlich ein. In einer Reihe von Industrieländern droht die Wirtschaft in eine Rezession abzugleiten. In den USA deuten viele Indikatoren auf ...
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16 September 2008

Business activity in decline

The economy in Germany has slowed noticeably during the course of 2008. RWI Essen is forecasting growth in real gross domestic product (GDP) to come to 1.7% for 2008. In so doing, RWI Essen has lowered its June 2008 forecast by 0.5 percentage points. This slack business period will presumably continue through the second half of the year. Looking into the coming year, RWI Essen is anticipating ...
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15 September 2008

CO2-emissions trading: Effects on power prices and energy-intensive industries

Mit dem 2005 etablierten Handel von Emissionszertifikaten für Kohlendioxid (CO2) möchte die Europäische Union ihrer im Kiotoprotokoll festgelegten Klimaschutzverpflichtung nachkommen. Bei Einführung des EU-weiten Emissionshandels wurden die CO2-Zertifikate in Deutschland wie in den meisten anderen EU-Ländern kostenlos zugeteilt. Der Mehrheit der Stromverbraucher erschien es deshalb wenig verständlich, warum ...
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03 July 2008

RWI Essen: ECB should raise its key rate

RWI Essen supports an increase in key interest rates by the ECB. In the economists' estimation, this would enable the central bank to pursue its primary aim and preserve price stability in the Euro zone. On the other hand, this clear and comprehensible action would preserve the bank's own credibility. If it fails to act, there is a risk of inflation getting out of control and significantly more restrictive intervention becoming necessary at a later date. This would have much greater negative effects on economic development than ...
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17 June 2008

Continuing along the path to consolidation while bolstering growth forces

The German Federal Government would be well advised to continue along its path toward budget consolidation and to use budget surpluses - predicted to appear as of 2010 - to lower taxes. This is the conclusion reached in a current study conducted by RWI Essen. It is based upon a forecast of government revenues and expenditures for the years 2008 to 2012, this being based in turn on the Federal Government's medium-term projection for ...
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12 June 2008

RWI Essen raises GDP forecast for 2008 and reduces it for 2009

RWI Essen has raised its forecast of economic growth for 2008 by 0.5 percentage points to 2.2% and at the same time lowered its forecast for 2009 by 0.3 percentage points to 1.5%. With this adjustment, the institute is on the one hand reacting to the unexpectedly strong increase in Gross Domestic Product at the start of this year. On the other hand, it is taking account of the fact that indications of weakened growth are increasing ...
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26 May 2008

2008 European Football Championships: National sentiments influence betting patterns

Patriotic feelings among soccer fans are reflected in the odds given on bets. As is revealed in a survey recently conducted by RWI Essen and Humboldt University in Berlin in advance of the UEFA Euro 2008, the odds quoted by bookmakers in several countries are influenced by whether the bets are on one's own team or on another country's team. The distortions are ...
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17 April 2008

Gemeinschaftsdiagnose: Folgen der US-Immobilienkrise belasten Konjunktur

Im Frühjahr 2008 wird die Weltkonjunktur von der Krise des Immobilien- und des Finanzsektors in den USA und den von ihr ausgelösten weltweiten Finanzmarktturbulenzen überschattet. Die USA stehen am Rande einer Rezession, in Westeuropa hat sich die Konjunktur etwas abgekühlt, und in Japan nimmt die gesamtwirtschaftliche Nachfrage nur noch schwach zu. Gleichwohl ist das weltwirtschaftliche Expansionstempo immer noch beträchtlich, vor allem, weil die Produktion in den Schwellenländern bis zuletzt kräftig stieg...
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19 March 2008

RGS Econ to become a research faculty of the state of North Rhine-Westphalia

The Ruhr Graduate School in Economics (RGS Econ) is being designated one of the state's 17 research faculties. These schools are to be used in the future in North Rhine-Westphalia to help exceptional students earn their doctorates quickly and systematically. Thus RGS Econ, a joint initiative by the universities at Bochum, Dortmund and Duisburg-Essen in collaboration with the Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI Essen), is to strike out in new directions and ...
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