Die Wirtschafts- und Finanzkrise wirkt wie ein externer Schock auf die deutsche Konjunktur.Mit zwei makroökonomischen Simulationsmodellen weisen die Autoren nach, dass die Krise in Deutschland allein auf diesen Schock zurückzuführen ist. Die Exportabhängigkeit der Wirtschaft führt dazu,...

Forecasts for the Chinese economy are often seen as unreliable. This impedes a proper assessment of the country’s course, and given that China is the world’s second-largest economy, it also has implications for international projections. This article examines the accuracy of real GDP...

The major focus of this paper is to determine whether the accuracy of German macroeconomic forecasts has improved over time. We examine 1-year-ahead forecasts of real GDP and inflation for 1967 to 2001 made by three major German forecasting groups and the OECD. We examine the accuracy of the...