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coordination with monetary policy. According to the simulations, employment in Germany would increase by about 750,000 persons in … example: If the social partners in a large country such as Germany give a credible signal that wage increases will be moderate …
Persistent link: https://www.econbiz.de/10010295183
Since the start of European monetary union, the macroeconomic situation in Germany can in many respects only be … model is constructed that models the euro area as consisting of two regions, Germany and the rest of the euro area. The rest … monetary policy or of exchange rate changes on economic activity in Germany and the euro area. …
Persistent link: https://www.econbiz.de/10010265489
to assess the risk of deflationary developments occurring in Germany over the next four years. …
Persistent link: https://www.econbiz.de/10010265580
Macro-stress testing studies often rely on rather short sample periods due to the limited availability of banking data. They may fail to appropriately account for the cyclicality in the interaction between the banking system and macroeconomic developments. In this paper we use a newly...
Persistent link: https://www.econbiz.de/10010273175