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Finance-dominated capitalism in crisis : the case for a Global Keynesian New Deal
Hein, Eckhard; Truger, Achim - 2010
imbalances in the world economy associated with finance-dominated capitalism. From this it follows that in the near and not so … near future, the US will no longer be able to act as the driving force for world demand. In order to avoid a period of … deflationary stagnation in major parts of the world economy, we finally propose the policy package of a Global Keynesian New Deal …
Persistent link: https://www.econbiz.de/10009549800
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Getting into GEAR : German and the rest of Euro area fiscal policy during the crisis ; conference paper
Gadatsch, Niklas; Hauzenberger, Klemens; Stähler, Nikolai - 2014
the world and which is used by the Deutsche Bundesbank for policy analysis, to analyze how discretionary fiscal policy in … of the world and risk premia shocks, followed by domestic non-fiscal shocks, amongst them the technology shock being the …
Persistent link: https://www.econbiz.de/10010486694
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The information content of monetary statistics for the Great Recession : evidence from Germany
Chen, Wenjuan; Nautz, Dieter - 2015
This paper introduces a Divisia monetary aggregate for Germany and explores its information content for the Great Recession. Divisia money and the corresponding simple sum aggregate are highly correlated in normal times but begin to diverge before the crisis. Out of sample forecast analysis and...
Persistent link: https://www.econbiz.de/10010529338
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The granular nature of the great export collapse in German manufacturing industries, 2008/2009
Wagner, Joachim - 2013
This paper uses comprehensive high-quality panel data from official statistics for exporting enterprises to investigate the micro-structure of the recent export collapse in manufacturing industries in Germany during the crisis of 2008/2009. Almost all of the decline in exports was due to...
Persistent link: https://www.econbiz.de/10009708025
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Health and well-being in the crisis
Askitas, Nikos; Zimmermann, Klaus F. - 2011
The internet has become an important data source for the Social Sciences because these data are available without lags, can be regarded as involuntary surveys and hence have no observer effect, can be geo-labeled, are available for countries across the globe and can be viewed in continuous time...
Persistent link: https://www.econbiz.de/10009235135
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Structural and Cyclical Forces in the Labor Market During the Great Recession : Cross-Country Evidence
Sala, Luca - 2012
We use an estimated monetary business cycle model with search and matching frictions in the labor market and nominal price and wage rigidities to study four countries (the U.S., the U.K., Sweden, and Germany) during the financial crisis and the Great Recession. We estimate the model over the...
Persistent link: https://www.econbiz.de/10013098495
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Structural and Cyclical Forces in the Labor Market During the Great Recession : Cross-Country Evidence
Sala, Luca - 2012
We use an estimated monetary business cycle model with search and matching frictions in the labor market and nominal price and wage rigidities to study four countries (the U.S., the U.K., Sweden, and Germany) during the financial crisis and the Great Recession. We estimate the model over the...
Persistent link: https://www.econbiz.de/10013099161
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The German Labor Market During the Great Recession : Shocks and Institutions
Gehrke, Britta - 2018
This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general equilibrium model with a detailed labor market block for post-unification Germany. This allows us to disentangle the role of institutions (short-time work, government spending rules)...
Persistent link: https://www.econbiz.de/10012909849
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German and the Rest of Euro Area Fiscal Policy During the Crisis
Gadatsch, Niklas - 2016
world. Compared to existing models of this type, GEAR incorporates a comprehensive fiscal block, involuntary unemployment …, however, were rest of the world and uncovered interest rate parity shocks, followed by domestic non-fiscal shocks …
Persistent link: https://www.econbiz.de/10012988698
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Structural and cyclical forces in the labor market during the great recession : cross-country evidence
Sala, Luca; Söderström, Ulf; Trigari, Antonella - 2012
We use an estimated monetary business cycle model with search and matching frictions in the labor market and nominal price and wage rigidities to study four countries (the U.S., the U.K., Sweden, and Germany) during the financial crisis and the Great Recession. We estimate the model over the...
Persistent link: https://www.econbiz.de/10009632676