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We compute average markups as a measure of market power throughout time and study their interaction with fiscal policy and macroeconomic variables in a VAR framework. From impulse-response functions, the results, with annual data for a set of 14 OECD countries, show that the markup (i) depicts a...
Persistent link: https://www.econbiz.de/10013079040
We compute average mark-ups as a measure of market power throughout time and study their interaction with fiscal policy and macroeconomic variables in a VAR framework. From impulse-response functions the results, with annual data for a set of 14 OECD countries covering the period 1970-2007, show...
Persistent link: https://www.econbiz.de/10013145150
Potential links between inflation, (t), and unemployment, UE(t), in Germany have been examined. There exists a … negative relation between inflation and unemployment with the latter leading the former by one year: UE(t-1) = 1.50(t) + 0 ….116. Effectively, growing unemployment has resulted in decreasing inflation since 1971, i.e. for the period where GDP deflator …
Persistent link: https://www.econbiz.de/10014223809
¼ per cent against previous year, while growth of just under 4 ½ per cent is forecast for 2021. The inflation rate will fall … GDP, with an expected deficit for 2021 of just under 4 per cent. Germany's public debt ratio will be some 75 per cent of …
Persistent link: https://www.econbiz.de/10012285262
Persistent link: https://www.econbiz.de/10012307709
We estimate a three-country model using 1995-2013 data for Germany, the Rest of the Euro Area (REA) and the Rest of the World (ROW) to analyze the determinants of Germany's current account surplus after the launch of the Euro. The most important factors driving the German surplus were positive...
Persistent link: https://www.econbiz.de/10013054630
This article summarises results of the report on public debt questions published in June 2015 by an interdisciplinary … process of retrieving the load bearing skeleton of the public debt issue from the flesh of personal opinions (strong priors …, as C.P. Kindleberger called them). In a nutshell, the report calls into question the longer-term wisdom of the “debt …
Persistent link: https://www.econbiz.de/10011312257
Relations between national public and private savings, domestic investment, and the current account are analyzed with the Global Econometric Model (National Institute, London). Simulation results obtained with this full modeling approach for the US, Japan, Germany and the UK are compared with...
Persistent link: https://www.econbiz.de/10013124305
Öffentliche Investitionen stehen ganz oben auf der wirtschaftspolitischen Agenda in Deutschland. Simulationen mit dem makroökonomischen Mehrländermodell NiGEM zeigen, dass sich ein großes, 460 Mrd. Euro umfassendes, kreditfinanziertes Investitionsprogramm nach spätestens 30 Jahren selbst...
Persistent link: https://www.econbiz.de/10012663185
The current state budget crisis in the EU and the numerous futile efforts to solve the problem has brought back the fraction of people that argument in favour of an exit strategy of Germany from the European monetary union (EMU) or even the break-up of the EMU in total. This paper investigates...
Persistent link: https://www.econbiz.de/10010208727