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This paper estimates a DSGE model with many types of shocks and frictions for both the US and the euro area economy …
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, primarily the good labor market situation is supporting consumption. In the United States, higher growth than at the beginning … of the year is expected due to fiscal stimulus. The outlook for the euro area has deteriorated recently, however. Many … political uncertainties in the euro area. …
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market situation. However, corporate investment and foreign trade are increasingly suffering from the current major political …
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notwithstanding, especially in the United States and the euro area. Therefore, DIW Berlin is slightly raising its forecast for the …
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Global economic output is expected to grow by 3.7 percent this year, and with a slightly stronger dynamic in the coming year; both predictions match the figures proposed in DIW Berlin’s spring forecast, even though the year started off somewhat weaker than expected. But overall, economic...
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