In early 2013 rumors about the Euro-appreciation gained momentum, which may lead to decreases in exports and increases in imports of the member states. Therefore, we investigate the impact of changes in the nominal Euro exchange rate vis-à-vis major currencies on export and import performance...

Dieses Papier stellt das Verfahren des Sachverständigenrates zur Bestimmung des Produktionspotenzials für die deutsche Wirtschaft vor. Im Vergleich zur Methode der EU-Kommission berücksichtigt der Ansatz des Sachverständigenrates in einem stärkeren Ausmaß demografische Faktoren. Darüber...

Has heightened uncertainty been a major contributor to the Great Recession and the slow recovery in the U.S.? To answer this question, we identify exogenous changes in six uncertainty proxies and quantify their contributions to GDP growth and the unemployment rate. Our results are threefold....

Has heightened uncertainty been a major contributor to the Great Recession and the slow recovery in the U.S.? To answer this question, we identify exogenous changes in six uncertainty proxies and quantify their contributions to GDP growth and the unemployment rate. Our results are threefold....

Dieses Papier stellt das Verfahren des Sachverständigenrates zur Bestimmung des Produktionspotenzials für die deutsche Wirtschaft vor. Im Vergleich zur Methode der EU-Kommission berücksichtigt der Ansatz des Sachverständigenrates in einem stärkeren Ausmaß demografische Faktoren. Darüber...

In early 2013 rumors about the Euro-appreciation gained momentum, which may lead to decreases in exports and increases in imports of the member states. Therefore, we investigate the impact of changes in the nominal Euro exchange rate vis-à-vis major currencies on export and import performance...

Uncertainty about the future path of inflation affects consumption, saving and investment decisions as well as wage negotiations and price setting of firms. These decisions are based on inflation expectations which are a key determinant of inflation in the New Keynesian Phillips Curve. In this...

Time preferences vary by age. Notably, according to experimental studies, senior citizens tend to discount future payoffs more heavily than working-age individuals. Based on these findings, we hypothesize that demographic change has contributed to the cut-back in government-financed investment...

Government agencies and other national and international institutions are asked to perform forecasts over the medium term. In particular, the EU Stability and Growth Pact contains the obligation to formulate stability programmes over four years, covering a general economic outlook as well as the...