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The German economy is continuing on an upward trend. Due to surprisingly weak production at the start of this year, GDP is likely to increase by 1.8 percent and is therefore growing somewhat slower this year than previously predicted. Growth of 1.9 percent is still expected for the coming year....
Persistent link: https://www.econbiz.de/10011288341
Die deutsche Wirtschaft setzt ihren Aufschwung fort. Aufgrund der überraschend schwachen Produktion zum Jahresbeginn wird das Bruttoinlandsprodukt im laufenden Jahr wohl um 1,8 Prozent und damit im jahresdurchschnittlichen Vergleich etwas weniger zulegen als bislang erwartet. Für das kommende...
Persistent link: https://www.econbiz.de/10011288346
. Employment growth continues; the unemployment rate will decrease this year to 6.4 percent, where it will remain in 2016. Due to … strong increases: The employment growth continues - the number of employed individuals is expected to rise at roughly the …
Persistent link: https://www.econbiz.de/10011341102
. Employment growth continues; the unemployment rate will decrease this year to 6.4 percent, where it will remain in 2016. Due to … experiencing strong increases: The employment growth continues - the number of employed individuals is expected to rise at roughly …
Persistent link: https://www.econbiz.de/10011341116
The German economy is expected to grow by 1.7 percent this year, and to maintain this pace in 2016 as well. The rate of growth should slow down slightly (to 1.5 percent) in 2017, but only because the number of working days will be lower due to the timing of public holidays. The global economy is...
Persistent link: https://www.econbiz.de/10011416893
Die deutsche Wirtschaft dürfte in diesem Jahr um 1,7 Prozent wachsen und dieses Tempo im nächsten Jahr halten. Im Jahr 2017 wird sie zwar voraussichtlich mit einer etwas geringeren Rate zulegen (1,5 Prozent) - allerdings nur, weil die Zahl der Arbeitstage aufgrund der Lage der Feiertage...
Persistent link: https://www.econbiz.de/10011417074
labor market conditions are still favorable and employment growth is expected to continue - albeit at a slightly lower rate …. Nevertheless, the increase in employment is not reflected in a corresponding decrease in persons unemployed; instead, the German …
Persistent link: https://www.econbiz.de/10010322535
We explore the impact of large banks and of financial openness for aggregate growth. Large banks matter because of granular effects: if markets are very concentrated in terms of the size distribution of banks, idiosyncratic shocks at the bank-level do not cancel out in the aggregate but can...
Persistent link: https://www.econbiz.de/10010324294
Does the mere presence of big banks affect macroeconomic outcomes? In this paper, we develop a theory of granularity (Gabaix, 2011) for the banking sector, introducing Bertrand competition and heterogeneous banks charging variable markups. Using this framework, we show conditions under which...
Persistent link: https://www.econbiz.de/10010327855
We explore the impact of large banks and of financial openness for aggregate growth. Large banks matter because of granular effects: if markets are very concentrated in terms of the size distribution of banks, idiosyncratic shocks at the bank-level do not cancel out in the aggregate but can...
Persistent link: https://www.econbiz.de/10010327858