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Synergy Cycles in the Norwegian Innovation System : The Relation between Synergy and Cycle Values
Ivanova, Inga - 2015
resulting synergy values of a TH system provide static snapshots. In this study, we add the time dimension and analyze the … synergy dynamics using the Norwegian innovation system as an example. The synergy among the three dimensions can be mapped as … a set of partial time series and spectrally analyzed. The results suggest that the synergy at the level of both the …
Persistent link: https://www.econbiz.de/10013032632
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German economy autumn 2021 : protracted catching-up process
Ademmer, Martin; Boysen-Hogrefe, Jens; Groll, Dominik; … - 2021
The recovery of the German economy needs more time. Ongoing precautionary measures to protect against infection as well as the supply bottlenecks will slow down the catch-up process in the winter. Especially in those service sector that have been particularly affected by the pandemic the...
Persistent link: https://www.econbiz.de/10012658780
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Recovery ready for second take off
Ademmer, Martin; Boysen-Hogrefe, Jens; Fiedler, Salomon; … - 2021
The second wave of the Covid-19 pandemic has interrupted the recovery in Germany. GDP is set to decline in the first quarter of this year, after stagnating in the previous quarter. However, with the vaccination campaign progressing, the economic burden of the pandemic will ease and the recovery...
Persistent link: https://www.econbiz.de/10012590164
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Supply or demand? : policy makers' confusion in the pesence of hysteresis
Fatás, Antonio; Singh, Sanjay R. - 2022
Policy makers need to separate between temporary demand-driven shocks and permanent shocks in order to design optimal aggregate demand policies. In this paper we study the case of a central bank that ignores the presence of hysteresis when identifying shocks. By assuming that all low-frequency...
Persistent link: https://www.econbiz.de/10013179263
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Second Covid wave interrupts recovery
Ademmer, Martin; Boysen-Hogrefe, Jens; Fiedler, Salomon; … - 2020
The recovery of the German economy is interrupted. The main reasons are the second Covid wave and the shutdown measures that have been implemented since November. Since these measures will, at least to some extent, probably remain in place for some time to come, GDP will decline in the final...
Persistent link: https://www.econbiz.de/10012392659
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Robust German economy in an uncertain international environment
Boysen-Hogrefe, Jens; Fiedler, Salomon; Groll, Dominik; … - 2015
German GDP is expected to increase by 1.8 percent (2015), 2.1 percent (2016), and 2.3 percent (2017). Economic activity is driven by consumer spending that increases in the upcoming years by about 2 percent per year due to strong increases in real disposable income.
Persistent link: https://www.econbiz.de/10012063530
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Quick rebound, but Pandemic weighs on full recovery
Ademmer, Martin; Boysen-Hogrefe, Jens; Fiedler, Salomon; … - 2020
The German economy is recovering from the COVID-19 shock. With the successful containment of the coronavirus, output has quickly rebounded from its trough in April and has made up a good part of the losses within a few months. This strong momentum essentially reflects the normalization of...
Persistent link: https://www.econbiz.de/10012309960
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Hysteresis and business cycles
Cerra, Valerie; Fatás, Antonio; Saxena, Sweta Chaman - 2020
Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as 'hysteresis,' argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and...
Persistent link: https://www.econbiz.de/10012251398
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German economy falters
Ademmer, Martin; Boysen-Hogrefe, Jens; Fiedler, Salomon; … - 2019
The German economy is facing strong headwinds. In recent months, economic momentum has continued to slow down and companies are much more pessimistic about the future. The high level of global economic policy uncertainty likely was an important contributing factor. Gross domestic product (GDP)...
Persistent link: https://www.econbiz.de/10012060482
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German economy cools down
Ademmer, Martin; Boysen-Hogrefe, Jens; Fiedler, Salomon; … - 2019
The German economy has shifted down a gear. After still very high economic momentum in Germany until the middle of last year, production stalled noticeably. Temporary stress factors such as the problems of automobile manufacturers with the new WLTP standard and the low water levels in the Rhine...
Persistent link: https://www.econbiz.de/10012060484