The study investigates the effect of changes in the exchange rate on output growth and inflation in the WAMZ economies …, inflation, exchange rate depreciation/ appreciation and money supply growth. Employing quarterly data series for the period 1981 … autoregressive (VAR) model to estimate the impulse response functions and variance decompositions for inflation and output in order …

Bundesrepublik Deutschland empirisch bestimmt. Die Verbrauchsausgaben erweisen sich als konjunkturstabilisierende Kraft, während die … employment is analyzed by a reinterpretation of the Phillips curve. It is shown that the inverse link between the inflation rate …

Germany has suffered an inflationary shock broadly commensurate with that of the Euro Area as a whole, with energy … than lower fossil-fuel consumption. Germany did not come up with a formalised "social pact" to address the crisis, although … encourage the collective-bargaining parties to limit the pass through of higher current inflation into nominal wages. …