Between 1995 and 2005, the German economy has experienced a phase of weak economic growth. We analyze whether this weak growth performance can be attributed to the stance of monetary conditions during that period. We show that the real effective exchange rate did have almost no dampening effects...

Summary Between 1995 and 2005, the German economy has experienced a phase of weak economic growth. We analyze whether this weak growth performance can be attributed to the stance of monetary conditions during that period. We show that the real effective exchange rate did have almost no dampening...

Die deutsche Automobilindustrie steht vor gravierenden Problemen: Nach einem langanhaltenden Zuwachs bei Produktion und Export droht sie ihre dominierende Stellung durch die internationalen Handelsstreitigkeiten zu verlieren. Aber auch die Anforderungen durch die europäischen Klimaschutzziele...

We study forecasts of real GDP growth using a large panel of individual forecasts from 36 advanced and emerging economies over the period 1989–2010. We show that the degree of information rigidity in average forecasts is substantially higher than that in individual forecasts. Individual-level...