: 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
Keyvisual FMM Conference 2023 Inflation Distributional Conflict Transition
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.

IMK Grafik zu den Veröffentlichungen im Allgemeinen

Current Publications

Eckhard Hein : Post-Keynesian economics in Germany since the 1970s – a detailed mapping of the landscape

This paper maps the intellectual and institutional landscape of post-Keynesian economics in Germany since the 1970s. It reviews the contributions of academics based in Germany, irrespective of their nationality, to post-Keynesian economics viewed from a broad tent perspective and to the different strands within this broad-tent post-Keynesian economics.

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Jan Behringer, Till van Treeck, Vincent Victor : Family firms and their role in the fall of the labor share and the rise of corporate saving in Germany

This study investigates the role of family firms in the fall of the labor share and the rise in corporate saving in Germany. Using a unique database on Family Ownership and Governance (FOG), we analyze 929 publicly listed firms and find that family firms, especially in manufacturing, experienced stronger declines in the labor share and higher corporate saving compared to non-family firms.

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Simon Fløj Thomsen, Hamid Raza, Mikael Randrup Byrialsen : A benchmark Ecological Stock-Flow-Consistent Input-Output model for Denmark

This paper aims to develop an ecological macroeconomic model for the Danish economy that can link the economic and financial system with some key aspects of the climate. To do so, we combine Stock-flow-Consistent approach with Input-Output tables to build a hybrid model, which we call Ecological Stock-Flow-Consistent Input-Output model.

FMM Working Paper Cover with number 114 and logos