Since November 1989, East Germany (like other former eastern bloc nations) has found that economic progress has come at a slow and painful pace. These efforts, however, have been unique since they have involved reunification with sisters and brothers in the west. A three‐year study was...

Abstract Der Arbeitsmarkt in Deutschland wurde bisher in weitaus weniger sichtbarem Maße von der Wirtschaftskrise getroffen als vielfach erwartet. Dies lag an der umfänglichen Nutzung interner numerischer Flexibilitätsinstrumente. Doch diese Strategie - die mit der demografischen Entwicklung...

Abstract Productivity growth in many advanced economies has decelerated in the last decades. There is increasing evidence that the misallocation of production function has contributed to the weakness in productivity. Factors behind this misallocation could include low interest rates or credit...