Four months later he was given the Global Economy Prize of Kiel Institute for the World Economy.
Seibert also served as President of the Kiel Institute for World Economics from 1989 to 2003.
The Kiel Institute calculates that a further 140,000 workers will lose their jobs in the next few months, and that the rising unemployment will not stop until mid-1997.
The Kiel Institute calculates that 15 percent of Germany's manufacturing jobs, or 1.3 million, have been lost in five years.
The Global Economic Solutions 2008/2009, 2009/2010 and 2010/2011 have been published by the Kiel Institute.
Kiel Institute for the World Economy (Germany)
His awards included the Bernhard Harms prize from the Kiel Institute of World Economies in 1984.
At the same time, the ZBW was incorporated as a foundation under public law independent of the Kiel Institute for the World Economy.
That year he joined faculty at the Kiel Institute for the World Economy, receiving his chair in 1979.
Walsh is an international research fellow at Kiel Institute for the World Economy.