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...

While the global financial crisis had a strong impact on economic activity in Germany, the impact of the euro area crisis on economic activity in Germany has so far been relatively mild. Trade flows by region reveal that German firms have recently redirected their exports towards the remaining...