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Bornhorst, Fabian; Mody, Ashoka - 2012

From its early post-war catch-up phase, Germany's formidable export engine has been its consistent driver of growth …. But Germany has almost equally consistently run current account surpluses. Exports have powered the dynamic phases and … economy and important labor market reforms, Germany's ability to act as global locomotive has been limited. With increasing …

Persistent link: https://www.econbiz.de/10010311793

Financial Literacy Among German Students at Secondary Schools : Some Empirical Evidence from the State of Hesse

Brühl, Volker - 2019

there is international empirical evidence that financial literacy is poor among both adults and students. In Germany we have … financial education has not featured on German school curricula to date. Besides, Germany has not yet participated in the …

Persistent link: https://www.econbiz.de/10012863560

Monetary policy surprises and exchange rate behavior

Gürkaynak, Refet S.; Kara, Ali Hakan; Kısacıkoğlu, … - 2020

Central banks unexpectedly tightening policy rates often observe the exchange value of their currency depreciate, rather than appreciate as predicted by standard models. We document this for Fed and ECB policy days using event studies and ask whether an information effect, where the public...

Persistent link: https://www.econbiz.de/10012285739

Differences in euro-area household finances and their relevance for monetary-policy transmission

Hintermaier, Thomas; Koeniger, Winfried - 2019

prices in the four largest economies in the euro area: France, Germany, Italy, and Spain. We first calibrate a life …

Persistent link: https://www.econbiz.de/10012129430

International Evidence on Sticky Consumption Growth

Carroll, Chris - 2008

We estimate the degree of 'stickiness' in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of autocorrelation, with a stickiness...

Persistent link: https://www.econbiz.de/10012770257

Opting Out of the Great Inflation : German Monetary Policy after the Break Down of Bretton Woods

Beyer, Andreas - 2013

banking. Germany achieved a high degree of domestic stability and provided safe haven for investors in times of turmoil in the …

Persistent link: https://www.econbiz.de/10012753257

Corporate Governance in Germany: An Economic Perspective

Schmidt, Reinhard H. - 2003

A financial system can only perform its function of channelling funds from savers to investors if it offers sufficient assurance to the providers of the funds that they will reap the rewards which have been promised to them. To the extent that this assurance is not provided by contracts alone,...

Persistent link: https://www.econbiz.de/10010311980

German banks – a declining industry?

Hackethal, Andreas - 2003

This paper is a draft for the chapter German banks and banking structure of the forthcoming book The German financial system edited by J.P. Krahnen and R.H. Schmidt (Oxford University Press). As such, the paper starts out with a description of past and present structural features of the German...

Persistent link: https://www.econbiz.de/10010311988

Why EMU is irrelevant for the German economy

Posen, Adam - 1998

change either for the better in Standort Deutschland or for the worse in the German price stability. There is ample evidence …

Persistent link: https://www.econbiz.de/10010317396

The role of accounting in the German financial system

Leuz, Christian; Wüstemann, Jens - 2003

main elements of the Germany system and a survey of extant empirical accounting research generally support these arguments. …

Persistent link: https://www.econbiz.de/10010298240