Philipp Heimberger
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heimbergecon.bsky.social
Philipp Heimberger
@heimbergecon.bsky.social
2.5K followers 92 following 570 posts

Vienna Institute for International Economic Studies (wiiw); macroeconomics, economic policy, public finance, political economy, meta-science.

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Economics 86%
Political science 11%
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heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 6h
Source: www.sciencedirect.com/science/arti...
The distribution of national income in Germany, 1992–2019
This paper estimates and analyzes the distribution and composition of pre-tax national income in Germany since reunification, combining personal incom…
www.sciencedirect.com

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 6h
Economic growth in Germany since reunification has mostly benefited the middle and upper middle class up to the 99th percentile. Income inequality (pre-tax) in 🇩🇪 is similar to the 🇺🇸 and higher than in 🇫🇷. Inequality has increased, but less than previous studies suggest.

Reposted by Katja Rietzler

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 1d
Germany's exports to China have declined strongly.

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 3d
Source: pubs.aeaweb.org/doi/pdfplus/...
pubs.aeaweb.org

Reposted by Olúfẹ́mi Táíwò

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 3d
In the past 20 yrs, China extended >$800 billion in loans to emerging market and developing country economies to finance infrastructure, energy etc. China’s loan portfolio surpassed those of the World Bank, the IMF, and all 22 Paris Club creditor governments combined.

Reposted by Matthias Schnetzer

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 4d
Unser Artikel zu den positiven Effekten von öffentlichen Investitionen: Europa braucht mehr Investitionen, um seine Zukunft zu sichern.

www.awblog.at/Wirtschaft/O...
Die positiven Effekte von öffentlichen Investitionen
Österreich und andere EU-Staaten müssen ihre Investitionen in die öffentliche Infrastruktur deutlich erhöhen, um wichtige politische Ziele im Zusammenhang mit Klimawandel und Digitalisierung zu erreic...
www.awblog.at

Reposted by Philipp Heimberger

aundw.bsky.social
A&W Blog @aundw.bsky.social · 4d
🚞Öffentliche Investitionen sind ein Wachstumsmotor.

@heimbergecon.bsky.social und Cara Dabrowski vom @wiiw.ac.at fassen ihre Studie zusammen: www.awblog.at/Wirtschaft/O...

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 4d
Findings from this paper have helped support specific analyses of the ECB’s 2025 monetary policy strategy assessment. The chapter presenting our empirical meta-analysis appears on pages 74–91. Source:

www.ecb.europa.eu/pub/pdf/scpo...

Reposted by Francesco Saraceno

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 4d
This new ECB paper serves as a reference guide to ECB models and empirical benchmarks on monetary policy transmission and extensively reports the findings of our recent meta-analysis on the effects of conventional monetary policy on output and prices.

Reposted by Philipp Heimberger

surplusmagazin.bsky.social
Surplus | Das Wirtschaftsmagazin @surplusmagazin.bsky.social · 4d
Die EU-Staaten müssen ihre Investitionen in die öffentliche Infrastruktur deutlich erhöhen. Ein neuer EU-Investitionsfonds könnte dazu beitragen, schreiben @heimbergecon.bsky.social und Cara Dabrowski
Europa braucht mehr Investitionen, um seine Zukunft zu sichern
Die EU-Staaten müssen ihre Investitionen in die öffentliche Infrastruktur deutlich erhöhen. Ein neuer EU-Investitionsfonds könnte dazu beitragen.
www.surplusmagazin.de

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 5d
Source: onlinelibrary.wiley.com/doi/10.1111/...
American Journal of Political Science | MPSA Journal | Wiley Online Library
This article advances a novel argument about the policy output of international organizations (IOs) by highlighting the role of individual staffers. We approach them as purposive actors carrying hete...
onlinelibrary.wiley.com

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 5d
Important paper on the role of ideological biases of individual staffers in driving policy decisions taken by international organizations: "we find that individual staffers influence the number, scope, and content of IMF conditions according to their personal ideological biases."

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 7d
Source (Chapter 3): www.imf.org/en/Publicati...
World Economic Outlook, April 2023: A Rocky Recovery
The baseline forecast is for growth to fall from 3.4 percent in 2022 to 2.8 percent in 2023, before settling at 3.0 percent in 2024. Advanced economies are expected to see an especially pronounced gro...
www.imf.org

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 7d
IMF: "only about half of fiscal consolidations achieve their fiscal targets, including debt reduction. A broad range of econometric methods, based on well-established methods in the empirical literature, confirm that fiscal consolidations do not reduce debt ratios, on average."

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 7d
"Further analysis is warranted on how monetary policy frameworks can adapt to an environment characterized by more frequent and persistent supply-side disruptions." Source:
imf.org/en/Publicati...
Navigating the 2022 Inflation Surge
This paper examines the effectiveness of inflation targeting (IT) frameworks during the global inflation surge of 2022, a shock primarily driven by large adverse supply side disruptions following the ...
imf.org

Reposted by Christian E. Weller, Bessma Momani

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 7d
This IMF paper finds that during and after the 2022 global inflation surge - largely driven by supply shocks - inflation outcomes in inflation-targeting countries were no better than in non-targeting countries, despite the former implementing more aggressive interest rate hikes.

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 7d
Source: piketty.pse.ens.fr/files/Pikett...
piketty.pse.ens.fr

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 7d
The decline of public property: in recent decades, the public share of total assets has declined. Net public assets (i.e., assets minus liabilities) in major European countries have fallen to just above zero (from 20-30% in 1978), while private assets have risen to >6 times GDP.

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 8d
Source: sciencedirect.com/science/arti...
Best of times, worst of times: record fossil-fuel profits, inflation and inequality
The 2022 oil and gas crisis resulted in record fossil-fuel profits globally that rehabilitated the oil and gas industry, obstructed the energy transit…
sciencedirect.com

Reposted by Benjamin Braun, Jonathan Hopkin, Simon Galle

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 8d
This paper shows: the 2022 energy crisis led to record global profits for fossil fuel companies. The US gained the most, with claims on US$301 billion, exceeding its US$267 billion investment in low-carbon energy. Half of profits went to the top1%, mainly through stock ownership

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 11d
Source: onlinelibrary.wiley.com/doi/full/10....
Selective and (mis)leading economics journals: Meta‐research evidence
We assess statistical power and excess statistical significance among 31 leading economics general interest and field journals using 22,281 parameter estimates from 368 distinct areas of economics re...
onlinelibrary.wiley.com

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 11d
Publication bias is greater at the top five journals: "56% of statistically significant results [in leading econ journals] were selected to be statistically significant. Selection bias is greater at top5 journals, where 66% of significant results were selected to be significant."

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 11d
Source: dezernatzukunft.org/droht-jetzt-...
Droht jetzt die Mehrwertsteuererhöhung? - Dezernat Zukunft
Wie wird die 30-Milliarden-Euro-Lücke im Haushalt 2027 geschlossen?
dezernatzukunft.org

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 11d
Private consumption in Germany has been hammered.

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 12d
Source: www.tandfonline.com/doi/full/10....
www.tandfonline.com

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 12d
This paper shows: people in the US and China see trade deficits as a power weakness. Americans who think China will overtake the US view bilateral trade deficits with China especially negatively (this holds for different political orientations and social-demographic backgrounds).

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 12d
Source: cer.eu/sites/defaul...
cer.eu

Reposted by Katja Rietzler

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 12d
EU car exports to China are in freefall. For a time, the North American market offered Europe’s carmakers an important offset from the China shock. But this cushion is now vanishing due to US protectionism.

heimbergecon.bsky.social
Philipp Heimberger @heimbergecon.bsky.social · 12d
Source: www.ft.com/content/c406...
The global boom in solar — with or without the US
Despite the scepticism about renewables in Washington, falling prices for new panels are making a compelling business case around the world
www.ft.com