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Drivers of large recessions and monetary policy responses
Melina, Giovanni; Villa, Stefania - 2023
Shocks to capital utilization are introduced in a structural macroeconomic closed-economy model with financial frictions to capture disruptions on the ability of the capital stock to provide capital services used in production. Estimates for the Euro Area and the United States show that these...
Persistent link: https://www.econbiz.de/10014320690
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Makroökonomie im Dienste der Menschen : Festschrift für Gustav A. Horn
Dullien, Sebastian (ed.); Hagemann, Harald (ed.);  … - 2019
Persistent link: https://www.econbiz.de/10012131958
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Grundlinien der Wirtschaftsentwicklung 2009/2010
Brenke, Karl; Dreger, Christian; Kooths, Stefan; Kuzin, … - In: DIW Wochenbericht 76 (2009) 1/2, pp. 2-35
Deutschland ist in der Rezession. Zentrale Ursache dafür ist die schwache Entwicklung der Weltwirtschaft. Die … Bruttoinlandsprodukts in Deutschland um etwas mehr als ein Prozent. Einen solch großen Einbruch hat es - auf ein Kalenderjahr bezogen … Sozialversicherungsbeiträge der Arbeitgeber zum Kurzarbeitergeld zunächst befristet für ein Jahr übernehmen, um den Druck auf den Arbeitsmarkt zu …
Persistent link: https://www.econbiz.de/10011601937
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Germany's boom is maturing
Ademmer, Martin; Boysen-Hogrefe, Jens; Fiedler, Salomon; … - 2018
The economic upswing in Germany continues, although the expansion loses some steam. Compared to our summer forecast, we reduced our expectations for GDP growth by 0.1 and 0.3 percentage points in the current and next year, respectively, to 1.9 percent (2018) and 2.0 percent (2019). So for now,...
Persistent link: https://www.econbiz.de/10012060514
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German economy closer to its limit
Ademmer, Martin; Boysen-Hogrefe, Jens; Fiedler, Salomon; … - 2018
The air for the economic upswing in Germany is getting thinner. We expect German GDP to grow by 2.5 percent this year and by 2.3 percent in 2019 after an increase of 2.2 percent in 2017. With capacity utilization already above normal levels at the current juncture, our forecast implies that the...
Persistent link: https://www.econbiz.de/10012060677
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German economy heating up
Ademmer, Martin; Boysen-Hogrefe, Jens; Fiedler, Salomon; … - 2017
The momentum of the expansion of the German economy is strong. Unchanged from our winter and spring forecasts, we expect a rise in gross domestic product by 1.7 percent in the current year and by 2 percent in 2018. This implies that throughout the forecasting period the expansion of aggregate...
Persistent link: https://www.econbiz.de/10012060693
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State fiscal reserves : supplementation and substitution over economic boom and bust years
Buerger, Christian; Reitano, Vincent; Sorrentino, Ciana - In: Public budgeting & finance 42 (2022) 1, pp. 98-118
Persistent link: https://www.econbiz.de/10013187536
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Is the automatic stabilizer policy effective in combating an economic recession? : a case study of the Indonesian state budget
Syamsurijal, Cucun Ahmad; Sugandi, Yogi Suprayogi; … - In: Bulletin of monetary economics and banking 26 (2023), pp. 55-76
Persistent link: https://www.econbiz.de/10014266368
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Macroeconomic Fluctuations in a Stylized DSGE Model with Disequilibrium Dynamics
Van Aarle, Bas - 2012
This study develops a stylised DSGE model, that departs in one aspect: it replaces the general equilibrium approach by disequilibrium economics. In this way, richer macroeconomic adjustment dynamics result, as it is not necessary to assume that goods and labour markets continuously clear. The...
Persistent link: https://www.econbiz.de/10013096548
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Macroprudential regulation in the European Union in 1995-2014 : introducing a new data set on policy actions of a macroprudential nature
Budnik, Katarzyna; Kleibl, Johannes - 2018
This paper introduces a new comprehensive data set on policies of a macroprudential nature in the banking sectors of the 28 member states of the European Union (EU) between 1995 and 2014. The Macroprudential Policies Evaluation Database (MaPPED) offers a detailed overview of the "life-cycle" of...
Persistent link: https://www.econbiz.de/10011779845