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Germany remains Europe's largest and most diversified source of new technology, but still lags in the fastest growing … had supported Germany's leadership in the high-tech industries of the early twentieth century - automobiles, machinery … to new technological stimuli. In addition, Germany's bank-centered capital and inflexible labor markets have long …
Persistent link: https://www.econbiz.de/10011495600
Wohnungsbauinvestitionen in Deutschland untersucht. Die Indikatoren werden auf Basis theoretischer Erwägungen oder wegen ihres technischen …
Persistent link: https://www.econbiz.de/10011495601
This paper analyzes the factors underlying the weakness of the euro. For this purpose, the framework advocated by Clarida and Gali (1994) is used. Within this model, three structural shocks drive the dynamics of the endogenous variables: aggregate supply shocks, aggregate spending shocks, and...
Persistent link: https://www.econbiz.de/10011473872
Persistently high unemployment rates in Germany have led to a long-running controversy on the causes of the … explores empirically their implications for the explanation of high un­em­ploy­ment in Germany using a structural vector …
Persistent link: https://www.econbiz.de/10011474695
Bivariate SVAR models employing long-run identifying restrictions are often used to investigate the source of business cycle fluctuations. Their advantage is the simplicity in use and interpretation. However, their low dimension may also lead to a failure of the identification procedure, with...
Persistent link: https://www.econbiz.de/10011476382
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The paper discusses central avenues of reform in the pension and health system. The core issues are the distinction of large and small risks and the role of a competitive approach to reorganise the health system.
Persistent link: https://www.econbiz.de/10002498306
Persistent link: https://www.econbiz.de/10001849944
This paper discusses the goal conflict between social protection and economic growth as well as employment. Taking the German economy as an example for the large continental economies of Old Europe, it analyzes twenty mechanisms that affect the fundamentals of the economy negatively and imply...
Persistent link: https://www.econbiz.de/10003367977