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Upswing in Europe gains momentum, but unemployment remains high
Gern, Klaus-Jürgen; Scheide, Joachim; Schlie, Markus - 1997
The expansion of Western European production accelerated in the first half of 1997. Exports were the main engine, driven by a devaluation of European currencies and strong growth abroad. Domestic demand also picked up somewhat led by investment in machinery and equipment. Inflation remained at...
Persistent link: https://www.econbiz.de/10010295104
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Identifying the role of labor markets for monetary policy in an estimated DSGE model
Christoffel, Kai Philipp; Küster, Keith; Linzert, Tobias - 2006
We focus on a quantitative assessment of rigid labor markets in an environment of stable monetary policy. We ask how wages and labor market shocks feed into the inflation process and derive monetary policy implications. Towards that aim, we structurally model matching frictions and rigid wages...
Persistent link: https://www.econbiz.de/10010295805
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Identifying the role of labor markets for monetary policy in an estimated DSGE model
Christoffel, Kai; Kuester, Keith; Linzert, Tobias - 2006
We focus on a quantitative assessment of rigid labor markets in an environment of stable monetary policy. We ask how wages and labor market shocks feed into the inflation process and derive monetary policy implications. Towards that aim, we structurally model matching frictions and rigid wages...
Persistent link: https://www.econbiz.de/10010298356
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Identifying the role of labor markets for monetary policy in an estimated DSGE model
Christoffel, Kai; Kuester, Keith; Linzert, Tobias - 2006
We focus on a quantitative assessment of rigid labor markets in an environment of stable monetary policy. We ask how wages and labor market shocks feed into the inflation process and derive monetary policy implications. Towards that aim, we structurally model matching frictions and rigid wages...
Persistent link: https://www.econbiz.de/10011604681
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On the causality between output, money and the terms of trade in Germany
Scheide, Joachim - 1991
Persistent link: https://www.econbiz.de/10010261684
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Strong economic upturn in Germany
Wohlers, Eckhardt - In: Intereconomics 35 (2000) 4, pp. 198-204
Persistent link: https://www.econbiz.de/10010271015
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How resilient is the German banking system to macroeconomic shocks?
Dovern, Jonas; Meier, Carsten-Patrick; Vilsmeier, Johannes - 2008
Macro-stress testing studies often rely on rather short sample periods due to the limited availability of banking data. They may fail to appropriately account for the cyclicality in the interaction between the banking system and macroeconomic developments. In this paper we use a newly...
Persistent link: https://www.econbiz.de/10010273175
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Asymmetric monetary policy effects in Germany
Tober, Silke; Kuzin, Vladimir N. - 2004
In a small structural model we find asymmetries in the effects of monetary policy in Germany depending on whether the economy is in an upswing or a downswing. These two different regimes are also identified using a Markov-switching model and the Kalman filter. Our results indicate that the...
Persistent link: https://www.econbiz.de/10010274488
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Deutsche Wirtschaft noch in der Defensive: Aber erste Anzeichen für ein Ende des Abschwungs
Drygalla, Andrej; Exß, Franziska; Heinisch, Katja; … - In: Konjunktur aktuell 12 (2024) 2, pp. 34-90
rechnen. Für Deutschland vermehren sich in der ersten Jahreshälfte 2024 die Anzeichen für eine konjunkturelle Besserung. Dank …
Persistent link: https://www.econbiz.de/10014583755
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Deutschland in der Stagnation festgefahren: Privater Konsum weiter unter dem Niveau von vor der Pandemie
Drygalla, Andrej; Exß, Franziska; Heinisch, Katja; … - In: Konjunktur aktuell 12 (2024) 1, pp. 1-31
Geldpolitik und in Europa der russische Krieg gegen die Ukraine sowie in China die dortige Immobilienkrise. Die Finanzmärkte sind … die Tatsache optimistisch stimmen, dass die restriktive Geldpolitik bisher überraschend wenig gedämpft hat. In Europa … Gewerbes und industriepolitische Maßnahmen in den USA und in China, welche europäische Anbieter benachteiligen. Deutschland …
Persistent link: https://www.econbiz.de/10014583760