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Completing the monetary union of Europe as mid-term solution of the Euro crisis

Fischer, Justina A. V.; Pastore, Francesco - 2015

This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the social and political costs of a GREXIT, but also of a continuing austerity policy. It proposes a reform policy fostering growth in Greece and discusses the role of conditionality....

Persistent link: https://www.econbiz.de/10011308548

The Ifo DSGE model for the German economy

Hristov, Nikolay - 2016

This paper estimates a medium-scale open economy DSGE model for Germany and the rest of the Euro Area (REA). The … parameter estimates indicate that there is a modest degree of structural heterogeneity between Germany and the rest of the Euro … Area. In particular, (i) the private sector in Germany tends to adjust its capital stock faster than its counterpart in the …

Persistent link: https://www.econbiz.de/10011436405

International monetary implications of a germanized eurozone

Steinberg, Federico - In: Revista de economía mundial : REM ; revista de la … 42 (2016), pp. 129-148

Persistent link: https://www.econbiz.de/10011812627

International monetary regimes and the German model

Scharpf, Fritz W. - 2018

The end of the Bretton Woods regime and the fall of the Iron Curtain deepened the export orientation of the German model of the economy. Only after entry into the Monetary Union, however, did rising exports turn into a persistent export–import gap that became a problem for other eurozone...

Persistent link: https://www.econbiz.de/10011792440