Similar Search Results

German and the rest of euro area fiscal policy during the crisis

Gadatsch, Niklas; Hauzenberger, Klemens; Stähler, Nikolai - 2015

We present the estimated large-scale three-region DSGE model GEAR picturing Germany, the Euro Area and the Rest of the … present-value multipliers for distinct fiscal instruments, and to assess how discretionary fiscal policy in Germany and the …-on-quarter GDP growth substantially, both in Germany and in the rest of the Euro Area. The main drivers of GDP growth in Europe …

Persistent link: https://www.econbiz.de/10010516561

German labor market and fiscal reforms 1999 to 2008 : can they be blamed for intra-euro area imbalances?

Gadatsch, Niklas; Stähler, Nikolai; Weigert, Benjamin - 2015

. Further simulations highlight the importance of increased savings preferences in Germany to explain the latter. …

Persistent link: https://www.econbiz.de/10011316580

Gauging the effects of the German COVID-19 fiscal stimulus package

Hinterlang, Natascha; Moyen, Stéphane; Röhe, Oke; … - 2021

We simulate the fiscal stimulus packages set up by the German government to allevi-ate the costs of the COVID-19 pandemic in a dynamic New Keynesian multi-sectorgeneral equilibrium model. We find that, cumulated over 2020-2022, output lossesrelative to steady state can be reduced by more than 4...

Persistent link: https://www.econbiz.de/10012671256

Household savings, capital investments and public policies : what drives the German current account?

Ruppert, Kilian; Stähler, Nikolai - 2020

pensionreforms led to an increase in the household savings rate in Germany until about2010. As domestic investment opportunities …. After 2010, private savings remained rather stable, but opportunities to investin Germany declined further. Our simulations …

Persistent link: https://www.econbiz.de/10012256500

A model-based analysis of the macroeconomic impact of the refugee migration to Germany

Stähler, Nikolai - 2017

explores the potential economic consequences and transmission mechanisms resulting from the recent refugee migration to Germany …

Persistent link: https://www.econbiz.de/10011632192

When old meets young? : Germany's population ageing and the current account

Schön, Matthias; Stähler, Nikolai - 2019

In a three-region New Keynesian life-cycle model calibrated to Germany, the Euro area (without Germany) and the rest of … unsynchronized demographic trends by taking those of Germany as given and assuming constant population everywhere else, we are able …

Persistent link: https://www.econbiz.de/10012101176

A one-off wealth levy? : assessing the pros, the cons and the importance of credibility

Kempkes, Gerhard; Stähler, Nikolai - 2014

From an economic perspective, imposing a credible one-off net wealth levy in crisis times as a tool to ward off a national emergency appears to be advantageous as, in an ideal world, this would not distort market players’ allocation decisions. However, in practice, charging such a levy may...

Persistent link: https://www.econbiz.de/10010433439

Structural and cyclical effects of tax progression

Kremer, Jana; Stähler, Nikolai - 2013

In a real business cycle model with labor market frictions, we find that a more progressive tax schedule reduces structural unemployment as it fosters long-run incentives for job creation. Because there exists an optimal level of unemployment in a matching environment ("Hosios condition), tax...

Persistent link: https://www.econbiz.de/10009739558

Who benefits from using property taxes to finance a labor tax wedge reduction?

Stähler, Nikolai - 2019

We use a New Keynesian DSGE model with a rental housing market to evaluate how financing a labor tax wedge reduction through higher property taxation affects the real economy and welfare. We find that a labor tax wedge reduction generates favorable macroeconomic effects and improves...

Persistent link: https://www.econbiz.de/10011963208

Demographics and the decline in firm entry : lessons from a life-cycle model

Röhe, Oke; Stähler, Nikolai - 2020

Since the mid-1970s, firm entry rates in the United States have declined significantly. This also holds for other OECD countries over the past years. At the same time, these economies experienced a gradual process of population aging. Applying a tractable life-cycle model with endogenous firm...

Persistent link: https://www.econbiz.de/10012180750