Der IMK Report Nr. 6 liefert eine kurze Zusammenfassung von Jörg Bibows umfangreicher Studie mit dem Titel Inflation Persistence and Tax-Push Inflation in Germany and in the Euro Area: A Symptom of Macroeconomic Mismanagement? Die Studie stellt die verbreitete These, die seit 2001 anhaltend...

This brief assesses the experiences of Europe's policy regime in the two years since the introduction of the euro in 1999, particularly the performance of the European Central Bank (ECB), the institution in charge of conducting monetary policy for the euro area. Conventional accounts of European...

Although the costs associated with moving an antiquated socialist economy toward its capitalist counterpart was anticipated to be significant, German industrial efficiency was expected to quickly overcome any challenges. Things turned out rather differently. Conventional wisdom blamed poor...

Die Studie stellt die verbreitete These, die seit 2001 trotz konjunktureller Schwäche anhaltend hohe Inflationsrate im Euroraum sei die Folge struktureller Rigiditäten, in Frage. Anhänger dieser These sehen in Strukturreformen, die diese Rigiditäten beseitigen, die wichtigste Voraussetzung...

This study assesses the ECB's crisis management performance and potential for crisis resolution. The study investigates the institutional and functional constraints that delineate the ECB's scope for policy action under crisis conditions and how the ECB has actually used its leeway since 2007; or...

This paper investigates Germany's vulnerability to the ongoing Euroland crisis. In 2010-11, Germany experienced a strong rebound from the global financial crisis of 2008-09. The Euroland crisis then meant record low interest rates and a depressed euro that boosted German extra-area exports. But...

This study focuses on the financialization of the U.S. household sector, featuring enhanced access to credit and ease of consumer spending as essential aspects. Growth in U.S. private consumption has been remarkably strong since the 1980s considering trends in income growth and income and wealth...

Contrary to German chancellor Angela Merkel's recent claim, the euro crisis is not nearly over but remains unresolved, leaving the eurozone extraordinarily vulnerable to renewed stresses. In fact, as the reforms agreed to so far have failed to turn the flawed and dysfunctional euro regime into a...