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IAW Annual Meeting 2026: What Is Europe’s Response to Geopolitical Challenges?

How should Europe position itself to address the increasingly pressing challenges posed by global economic upheavals, geopolitical tensions, and potential crises in the international financial system? Prof. Dr. Christoph Trebesch, Vice President of the Kiel Institute for the World Economy and a world-renowned expert in the field of geoeconomics, addressed this question at this year’s lecture event hosted by the IAW and the headquarters of the Deutsche Bundesbank in Baden-Württemberg on March 26, 2026.

The event also featured the presentation of the 2026 Norbert Kloten Prize for the best theses in the field of applied economic research at the Universities of Hohenheim, Stuttgart, and Tübingen. This year’s prizes went to Judith Lehner from the University of Tübingen and Ricardo Acevedo Arias from the University of Hohenheim.

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10th Bundesbank IAW Lecture with Dr. Joachim Nagel: Target Achieved But Challenges Remain

Photo: © Sebastian Berger, Deutsche Bundesbank

For the 10th anniversary of the Bundesbank-IAW Lecture at the University of Tübingen, organized annually by the IAW in cooperation with the Bundesbank's Baden-Württemberg headquarters, a very special speaker was invited: Dr. Joachim Nagel, acting president of the Deutsche Bundesbank and thus head of the institution whose name the renowned lecture series bears. The lecture, held in English, took place in the almost full Audimax lecture hall at the University of Tübingen. In his speech, Dr. Nagel provided a detailed overview of the European Central Bank's monetary policy strategy since 2021 and answered numerous questions from the audience.

The full text of his speech is available on the Deutsche Bundesbank website.

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July 9, 2025: 10th Bundesbank-IAW-Lecture at the University of Tübingen

The Deutsche Bundesbank, Head Office Stuttgart, and the Institute for Applied Economic Research e.V. (IAW) cordially invite you to the 10th Bundesbank-IAW Lecture at the University of Tübingen on Wednesday, July 9, 2025 at 2:15 p.m. in the New Auditorium (Neue Aula) of the University.

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Target achieved, but challenges still remain – monetary policy since the 2021 strategy review.

Dr. Joachim Nagel, President of the Deutsche Bundesbank.

See invitation for further information.

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The USA's “reciprocal” tariffs: a look behind the tariff formula

Just under 100 days into US President Donald Trump's second term in office, the impact of his decisions on the global economy is becoming increasingly clear. These include the imposition of tariffs on US imports from other countries. In his latest article for IAW Impulse, IAW Research Fellow Prof. Dr. Benjamin Jung examines the extent to which this measure comes close to the declared goal of reducing the United States' trade deficits with other countries (in German).

Bundesbank-IAW lecture event with panel discussion at Haus der Wirtschaft, Stuttgart

Award of the Norbert Kloten Prize for Applied Economic Research 2025 to:

Mr Jan Jacobsen, M.Sc. for his Master's thesis Do Finfluencers Give Good Investment Advice? A large-scale, LLMpowered Analysis of the Profitability of Investment Recommendations on YouTube. Supervisor: Professor Dr Dominik Papies, Chair of Marketing at the Faculty of Economics and Social Sciences at the Eberhard Karls University of Tübingen.

Photo: Deutsche Bundesbank

From left to right: Prof Dr Martin Biewen, Director of the IAW, Jan Jacobsen and Dr Patricia Staab, President of the Head Office of the Deutsche Bundesbank in Baden-Württemberg.

Lecture

Germany in international tax competition (in German).

Photo: Deutsche Bundesbank

Professor Dr Dr h.c. Clemens Fuest (Professor of Economics at the Ludwig Maximilian University of Munich and President of the ifo Institute).

Panel discussion

Photo: Deutsche Bundesbank

  • Raoul Didier, Head of the Tax Policy Department at DGB
  • Professor Dr Dr h.c. Clemens Fuest, President of the ifo Institute
  • Dr Tobias Hentze, Head of the Thematic Cluster State, Taxes, Social Security at IW Köln
  • Julia Jirmann, Tax Policy Officer of the Tax Justice Network
  • Moderation: Johannes Pennekamp (FAZ)

Publications

Benjamin Jung

IAW-Impulse Nr. 8/2025: Die „reziproken“ Zölle der USA: Ein Blick hinter die Zollformel

Matthias Fauth, Benjamin Jung, Wilhelm Kohler

Complementarities Between Import and Export Activities: Firm-Level Evidence for Goods and Services.

CESifo Working Papers no. 11673, ISSN 2364-1428 (electronic version), February 2025

Bernhard Boockmann, Wilhelm Kohler, Peter S. Eppinger, Oliver Krebs, Benjamin Jung, Matthias Fauth, u.a.

Methodische und analytische Stärkung in aktuellen Fragen der Außenhandels- und ausländischen Investitionspolitik

RESEARCH PROJECT IC4 - 23305/003#014, Final report to the Federal Ministry for Economic Affairs and Climate Protection, November 2024

Matthias Fauth, Benjamin Jung, Wilhelm Kohler

German Firms in International Trade: Evidence from Recent Microdata
Journal of Economics and Statistics, July 2023, https://www.degruyter.com/document/doi/10.1515/jbnst-2022-0040/html

Matthias Fauth, Benjamin Jung, Wilhelm Kohler

German Firms in International Trade: Evidence from Recent Microdata

CESifo Working Paper No. 10523, Munich, June 2023