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The Resurgence of Inflation : Lessons from History and Policy Recommendations
Heine, Michael; Herr, Hansjörg - 2024
the End of theof the 1960s to the early 1980s -- Chapter 4. The Inflation Wave from the Late 1960s onward -- Chapter 5 …In light of the resurgence of inflation in developed industrialised countries following a period of inordinately low … inflation, this book analyses the causes and devastating effects of inflation by drawing lessons from the past. Focusing on the …
Persistent link: https://www.econbiz.de/10014470301
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Financial mobilisation in Germany 1914 - 1918
Hardach, Gerd - 2014
of September 1914 into a long, grim war of attrition. The accumulated government debt and the suppressed inflation left a …
Persistent link: https://www.econbiz.de/10010410754
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Gauging the effects of the German COVID-19 fiscal stimulus package
Hinterlang, Natascha; Moyen, Stéphane; Röhe, Oke; … - 2021
We simulate the fiscal stimulus packages set up by the German government to allevi-ate the costs of the COVID-19 pandemic in a dynamic New Keynesian multi-sectorgeneral equilibrium model. We find that, cumulated over 2020-2022, output lossesrelative to steady state can be reduced by more than 4...
Persistent link: https://www.econbiz.de/10012671256
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Macroeconomic effects of the Covid-19 Pandemic in Germany and the European Monetary Union and economic policy reactions
Herr, Hansjörg; Nettekoven, Zeynep Mualla - 2022
drove the inflation rate up, but restrictive monetary policy as a response to such shocks slowdown growth and lead to …
Persistent link: https://www.econbiz.de/10013269485
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Temporary VAT reduction during the lockdown
Clemens, Marius; Röger, Werner - 2021 - This (updated) version: May 2022
This paper evaluates the temporary VAT reduction introduced by the German government over the 3Q2020:4Q2020 as a controversial part of the COVID-19 stimulus package. Critics argue that VAT reductions are ineffective because of limited pass-through to consumer prices and during lockdown....
Persistent link: https://www.econbiz.de/10013198950
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Will Germany's temporary VAT tax rates cut as part of the Covid-19 fiscal stimulus package boost consumption and growth?
Funke, Michael; Terasa, Raphael - 2020
On 3 June 2020, the German government announced a EUR 130 billion fiscal stimulus package to stimulate market demand and jumpstart the economy in the wake of the COVID-19 pandemic lockdown in the spring of 2020. The most prominent measure of this package is an unconventional fiscal policy in the...
Persistent link: https://www.econbiz.de/10012388013
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Temporary VAT reduction during the lockdown : evidence from Germany
Clemens, Marius; Röger, Werner - 2021
This paper evaluates the temporary VAT reduction invoked by the German government over the third and fourth quarter of 2020 as part of the COVID-19 stimulus package. There is considerable controversy. Critics argue that VAT reductions are ineffective in the presence of lockdown measures in place...
Persistent link: https://www.econbiz.de/10013341661
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The case for a job guarantee policy in Germany : a political-economic analysis of the potential benefits and obstacles
Landwehr, Jannik J. - 2020
case of Germany. A Job Guarantee's impact on inflation depends on excess production capacities of economic sectors as well … even contribute to reaching the inflation target and prevent deflation. However, deficiencies of the European institutional …
Persistent link: https://www.econbiz.de/10012301007
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Ökonomische Konsequenzen der Coronavirus-Pandemie : Diagnosen und Handlungsoptionen
Happe, Kathrin (ed.); Mengel, Johannes (ed.) - Deutsche Akademie der Naturforscher Leopoldina - 2021
Die Coronavirus-Pandemie stellt die Wirtschafts- und Sozialpolitik in Deutschland mittel- und langfristig vor neuartige … analysiert in der heute veröffentlichten Stellungnahme „Ökonomische Konsequenzen der Coronavirus-Pandemie – Diagnosen und …
Persistent link: https://www.econbiz.de/10012801574
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Germany's economic restart after Covid-19 : the role of fiscal policy and taxation
Fuest, Clemens - In: CESifo forum : a quarterly journal on European issues 22 (2021) 6, pp. 3-7
Many European economies are gradually recovering from the corona pandemic, although it is not yet over. National governments are using the breather to assess the effectiveness of their less-conventional and short-term crisis-prevention measures. This is important because they must prepare to...
Persistent link: https://www.econbiz.de/10012670738