: The Macroeconomic Policy Institute (IMK)

The Macroeconomic Policy Institute (IMK) is an independent academic institute within the Hans-Böckler-Foundation, a non-profit organisation fostering co-determination and promoting research and academic study. The Foundation is linked to the German Confederation of Trade Unions (DGB). The IMK was founded in 2005 to strengthen the macroeconomic perspective both in economic research and in the economic policy debate. The IMK analyses business cycle developments and conducts economic policy research, notably on fiscal and monetary policy, labour markets, income distribution and financial markets. The Institute seeks to address the challenges facing macroeconomics and economic policy in the wake of the global financial crisis.

IMK Titelgrafik für die Startseite des Instituts

29th FMM Conference: Gendering Macroeconomics

Gender plays a crucial role in many macroeconomic areas, including, for example, how fiscal policy or crises generate different outcomes for men, women, and non-binary individuals, and gender inequalities have substantial macroeconomic consequences. These disparities are often deeply entwined with labor market dynamics, where gender wage gaps, gendered and racial profiling of jobs and segregation, and inequalities in the distribution of paid and unpaid work persist. Such inequalities are further compounded by the systemic undervaluation of unpaid labor as well as paid care work, disproportionately carried out by women.

Keyvisual FMM Conference 2025
summerschool

8th International FMM Summer School

The summer school aims at providing an introduction to Keynesian macroeconomics and to the problems of European economic policies to interested graduate students (MA and PhD) and junior researchers. It will consist of overview lectures, a panel discussion, student study groups, an SFC lab, and a poster session.

FMM Logo, weißer Schriftzug der Buchstaben f m m auf rotem Grund
IMK Grafik zu den Veröffentlichungen im Allgemeinen

Current Publications

Ekaterina Jürgens, Sebastian Gechert : Passing the partisan filter: Political narratives, partisan bias and opinions on public finances

This paper examines how political partisanship and campaign narratives shape German voters’ views on public finances, finding no average narrative effect but evidence that partisan preferences strongly condition preferences, supporting the theory of partisan bias and selective influence of emotionally charged narratives.

IMK Working Paper Cover with number and logo

Krämer, Hagen : Power, Wages, and the Market: Kurt Rothschild’s Vision of Distribution in a Post-Keynesian Framework

Since income distribution is a central theme in Rothschild’s research, this paper examines his contributions to post‐Keynesian distribution theory. Following a brief overview of his life, academic formation, and the historical context that shaped his thinking, the paper explores his theoretical innovations, emphasizing his rejection of mono‐causal explanations in favor of an approach that integrates economic, political, and social dynamics.

Cover FMM Working Paper with number and logos

: Cost perceptions and the support for carbon pricing

Our new study shows: People in Germany tend to overestimate their current costs of carbon pricing and increase their policy support when provided with personalized cost information. In contrast, they underestimate future costs and reduce their support when informed about actual higher prices. Personalized information thus boosts current acceptance but may lead to backlash as carbon prices rise.

Deckblatt IMK Working Paper 226