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Upswing in Europe gains momentum, but unemployment remains high

Gern, Klaus-Jürgen; Scheide, Joachim; Schlie, Markus - 1997

Persistent link: https://www.econbiz.de/10000640321

Global economic recovery progresses overall

Gern, Klaus-Jürgen; Hauber, Philipp; Kooths, Stefan; … - 2020

In the third quarter of 2020, the global economy rebounded strongly from the steep fall in output suffered in the first half of the year amid the covid-19 pandemic. Currently, the recovery is being slowed down by another wave of infections and policy measures to contain it, but on aggregate...

Persistent link: https://www.econbiz.de/10012392680

Growth prospects, the natural interest rate, and monetary policy

Fiedler, Salomon; Gern, Klaus-Jürgen; Jannsen, Nils; … - 2019

The recovery from the Global Financial Crisis was characterized by sluggish output growth and by inflation remaining persistently below the inflation targets of central banks in many advanced economies despite an unprecedented monetary expansion. Ten years after the Global Financial Crisis, GDP...

Persistent link: https://www.econbiz.de/10012022449

Growth prospects, the natural interest rate, and monetary policy

Fiedler, Salomon; Gern, Klaus-Jürgen; Jannsen, Nils; … - 2019

Persistent link: https://www.econbiz.de/10011976123

Gradual recovery after partial rebound

Gern, Klaus-Jürgen; Hauber, Philipp; Kooths, Stefan; … - 2020

The world economy contracted by close to 10 percent in the first half of 2020 as the COVID-10 pandemic unfolded. After a 3 percent drop in activity in the first quarter, global output contacted by some 7 percent as governments around the world implemented measures to contain the virus and...

Persistent link: https://www.econbiz.de/10012302343

Upswing in Europe gains momentum, but unemployment remains high

Gern, Klaus-Jürgen; Scheide, Joachim; Schlie, Markus - 1997

background of high unemployment, countries with low interest rates will not raise key interest rates significantly. As a … activity but also raise risks of inflation. The major problem in Western Europe is unemployment, which remains stubbornly high … or is even rising. As a contrast, unemployment in the United States has come down to the lowest level since decades. It …