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product (GDP) (affecting especially internal demand). However, it suffered a greater increase in exports (the so …-called Spanish "miracle"). Particularly, Spanish SMEs incorporation into exports has been spectacular since 2008. Further, this has … coincided with a huge increase in unemployment. Therefore, our main objective is to investigate the moderating role of exports …
Persistent link: https://www.econbiz.de/10012887150
This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general … equilibrium model with a detailed labor market block for post-unification Germany. This allows us to disentangle the role of …
Persistent link: https://www.econbiz.de/10012909849
Since the so-called Hartz IV reforms around 2005 and during the global crisis of 2008/2009, the German labor market featured mainly declining unemployment rates. We develop a search and matching model with heterogeneous skills to explore the role of structural and cyclical policies for this...
Persistent link: https://www.econbiz.de/10009490829
This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general … equilibrium model with a detailed labor market block for post-unification Germany. This allows us to disentangle the role of …
Persistent link: https://www.econbiz.de/10011916540
This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general … equilibrium model with a detailed labor market block for post-unification Germany. This allows us to disentangle the role of …
Persistent link: https://www.econbiz.de/10011634724
We analyse measures of internal flexibility taken to safeguard employment during the Coronavirus Crisis in comparison to the Great Recession. Cyclical working-time reductions are again a major factor in safeguarding employment. Whereas during the Great Recession all working-time instruments...
Persistent link: https://www.econbiz.de/10012512274
Germany and the United States pursued different economic strategies to minimise the impact of the Coronavirus Crisis on … the labour market. Germany focused on safeguarding existing jobs through the use of internal flexibility measures … contrasting it with the chosen strategy in the United States. In Germany, temporary cyclical reductions in working hours are …
Persistent link: https://www.econbiz.de/10013368682
We present the estimated large-scale three-region DSGE model GEAR picturing Germany, the Euro Area and the Rest of the … present-value multipliers for distinct fiscal instruments, and to assess how discretionary fiscal policy in Germany and the …-on-quarter GDP growth substantially, both in Germany and in the rest of the Euro Area. The main drivers of GDP growth in Europe …
Persistent link: https://www.econbiz.de/10010516561
This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general … equilibrium model with a detailed labor market block for postunification Germany. This allows us to disentangle the role of …
Persistent link: https://www.econbiz.de/10011638405
, and Germany, during the coronavirus pandemic (from January 2020 to February 2022). The pandemic has had various adverse …
Persistent link: https://www.econbiz.de/10015063564