for low inflation. Using data for four G7 economies, the paper shows that, except for Germany, nonlinear and asymmetric …

a large extent. But in Germany, wages have increased below this norm or even decreased, and in Japan this effect has … been even more extreme. Overall, while Japan and Germany have suffered from dysfunctional economic regimes leading to low …

for low inflation. Using data for four G7 economies, the paper shows that, except for Germany, nonlinear and asymmetric …

, the Bank of Japan and the ECB in relation to debt dynamics for the United States, Japan, Germany and Italy since the … effective, ECB policies have had decidedly uneven consequences on Germany and Italy. The normalization of the Federal Reserve …

After the recent IT bubble, Germany alone among OECD countries is beginning to share Japan's political-economic profile … politically passive households. Germany has been spared Japan's fate of persistent stagnation so far because of its long …-standing openness and commitment to international economic integration. But this commitment is newly in jeopardy, as Germany backs an …

has been as miraculous in the eyes of the observers as the rise of Germany and Japan from the ashes of World War II or the …