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From its early post-war catch-up phase, Germany’s formidable export engine has been its consistent driver of growth …. But Germany has almost equally consistently run current account surpluses. Exports have powered the dynamic phases and … economy and important labor market reforms, Germany’s ability to act as global locomotive has been limited. With increasing …
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Nonlocal mortgage lenders with greater exposure to high-growth housing markets accept fewer loan applications in these markets and experience greater stock return volatility. When these lenders expand to high-growth markets, they also ration credit to a significantly greater degree than when...
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We explore two issues triggered by the crisis. First, in most advanced countries, output remains far below the pre-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a breakdown of the relation between inflation and...
Persistent link: https://www.econbiz.de/10012418077
From its early post-war catch-up phase, Germany’s formidable export engine has been its consistent driver of growth …. But Germany has almost equally consistently run current account surpluses. Exports have powered the dynamic phases and … economy and important labor market reforms, Germany’s ability to act as global locomotive has been limited. With increasing …
Persistent link: https://www.econbiz.de/10014395625
Income distribution may be related to fundamentals affecting economic growth and to labor market policies. Noting that inequality is affected by unemployment. This paper presents a model in which labor market policies affect unemployment which in turn affects inequality. The model also includes...
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