In this paper, we assess the impact of major German structural reforms from 1999 to 2008 on key macroeconomic variables. By many, these reforms, especially the Hartz reforms on the labor market, are considered to be the root of observed imbalances in the Euro Area. Our simulations within a...

In der Wirtschaftskrise der Jahre 2008 und 2009 hat die Inanspruchnahme der großzügigen Kurzarbeiterregelung, die Ausweitung der innerbetrieblichen Flexibilität durch tarifvertragliche Regelungen sowie der Abbau von Guthaben auf den Arbeitszeitkonten die Beschäftigung in Deutschland...

In this paper we analyse the effect of immigration on the labour market prospects for different skill groups among natives. We develop a model of endogenous labour supply in which immigration affects educational decisions of natives. We argue that the distributional consequences of immigration...

In this paper,we assess the impact ofmajor German structural reforms from1999 to 2008 on key macroeconomic variables within a two-country monetary union DSGE model. Bymany, these reforms, especially the Hartz reforms on the labormarket, are considered to be the root of thereafter observed...