This paper uses an extended version of “FiMod—A DSGE Model for Fiscal Policy Simulations” (Stähler and Thomas Econ Model 29:239–261, <CitationRef CitationID="CR35">2012</CitationRef>) with endogenous job destruction decisions by private firms to analyze the effects of several currently discussed labor market reforms on the Spanish...</citationref>

Die deutsche Automobilindustrie steht vor gravierenden Problemen: Nach einem langanhaltenden Zuwachs bei Produktion und Export droht sie ihre dominierende Stellung durch die internationalen Handelsstreitigkeiten zu verlieren. Aber auch die Anforderungen durch die europäischen Klimaschutzziele...

Summary Between 1995 and 2005, the German economy has experienced a phase of weak economic growth. We analyze whether this weak growth performance can be attributed to the stance of monetary conditions during that period. We show that the real effective exchange rate did have almost no dampening...

Abstract Globalization influences inflation and the transmission channels of monetary policy in various ways. The effects of globalization on the ability of monetary policy to control inflation have been discussed intensively. However, in the light of recent experiences following the global...