structural breaks in the dynamics and the volatility of the real output process in Germany can be detected. We report evidence … that output volatility has declined in Germany. Yet, this decline in output volatility is not as clear-cut as it is in the … in Germany reflects good economic and monetary policy or merely ?good luck?. …

fact that universal banking in Germany creates implicit barriers to entry. Yet, regulatory and informational differences …

Collective bargaining in Germany takes place either at the industry level or at the firm level; collective bargaining …

In order to reduce unemployment, it is often recommended that industry-level wage bargaining in Germany should be …