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 …

Germany, we find that works councils affect wage growth only in combination with collective bargaining. Wage adjustments to …

This paper establishes stylized facts about the cyclicality of real consumer wages and real producer wages in Germany …

Germany, we find that works councils affect wage growth only in combination with collective bargaining. Wage adjustments to …

soon after. We compare this recession to other major recessions in Germany and analyse to what extent changes in hourly …

This paper analyses the effects of discretionary fiscal policy by presenting new empirical evidence for Germany within …

of migration flows from the New Member States to Germany. We demonstrate that immigration increased substantially despite … that Germany would have been better off, had it immediately opened its labor market. Finally, the Great recession allows us …