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The new Keynesian model and the long-run vertical Phillips curve : does it hold for Germany?
Gottschalk, Jan; Fritsche, Ulrich - 2006
New-Keynesian macroeconomic models typically assume that any long-run trade-off between inflation and unemployment is ruled out. While this appears to be a reasonable characterization of the US economy, it is less clear that the natural rate hypothesis necessarily holds in a European country...
Persistent link: https://www.econbiz.de/10010426365
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Keynesian and monetarist views on the German unemployment problem : theory and evidence
Gottschalk, Jan - 2002
Persistently high unemployment rates in Germany have led to a long-running controversy on the causes of the unemployment problem. This paper aims to re­view the contribution of Keynesian and monetarist theories to this controversy and explores empirically their implications for the explanation...
Persistent link: https://www.econbiz.de/10011474695
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The euro bias of bank assets in the Eurozone
Choi, Changkyu; Park, Kyungsun - In: Emerging markets finance & trade : a journal of the … 50 (2014), pp. 172-185
Persistent link: https://www.econbiz.de/10010486510
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The Euro area crisis five years after the original sin
Orphanides, Athanasios - In: Credit and capital markets : Kredit und Kapital 48 (2015) 4, pp. 535-565
Persistent link: https://www.econbiz.de/10011476003
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Currency movements within and outside a currency union : the case of Germany and the euro area /Nikolaus Bartzsch, Gerhard Rösl and Franz Seitz
Bartzsch, Nikolaus; Rösl, Gerhard; Seitz, Franz - 2011
In this paper, we analyze the volume of euro banknotes issued by Germany within the euro area with several seasonal … methods. We draw a distinction between movements within Germany, circulation outside Germany but within the euro area and … demand from non-euroarea countries. Our approach suggests that only about 20% of euro notes issued by Germany are used for …
Persistent link: https://www.econbiz.de/10010209428
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The Euroland crisis and Germany's euro trilemma
Bibow, Jörg - In: International review of applied economics 27 (2013) 3, pp. 360-385
Persistent link: https://www.econbiz.de/10009781098
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Stuck on the wrong track : 20 years of euro disillusion, denial, and delusion
Bibow, Jörg - In: European journal of economics and economic policies : … 17 (2020) 2, pp. 139-155
Persistent link: https://www.econbiz.de/10012321781
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The euro exchange rate and Germany's trade surplus
Hohberger, Stefan; Ratto, Marco; Vogel, Lukas - 2019
We estimate a three-region (DE-REA-RoW) structural macroeconomic model, and we provide a counterfactual on how nominal exchange rate flexibility would have affected the German trade balance (TB) by simulating the shocks of the estimated model under a counterfactual flexible exchange rate regime....
Persistent link: https://www.econbiz.de/10011983671
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The information content of survey data on expected price developments for monetary policy
Gerberding, Christina - 2001
The present paper uses survey data on expected consumer price developments to analyse the role of inflation expectations in the inflation process. The survey measures of price expectations are derived from the European Commission's Consumer Survey and from the surveys of professional experts...
Persistent link: https://www.econbiz.de/10010295707
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Will the (German) NAIRU Please Stand up?
Franz, Wolfgang - 2003
This paper deals with a critical assessment and a reestimation of the "non-accelerating in ation rate of unemployment" (NAIRU) for Germany. There are quite a few obstacles to perceiving the NAIRU as an understandable and easy-to-use analytical instrument, suitable for economic policy: the...
Persistent link: https://www.econbiz.de/10010297287