KBW 2: After the reunification, in Germany economic growth was weak from a historical as well as international perspective. In particular, the...

The economic recovery in the euro area lost considerable momentum in 2004. After a strong increase in the first half of the year, real GDP...

In the spring of 2004, the euro-area economy is on the road of recovery.

We investigate whether recoveries following normal recessions differ from recoveries following recessions that are associated with either...

Using a real-time data set for German GDP over the period from 1973 to 1998 we calculate various measures of real-time output gaps and use...

This paper provides empirical evidence suggesting that in industrial countries, recessions that are associated with either banking crises or...

We investigate whether recoveries following normal recessions differ from recoveries following recessions that are associated with either...

This paper presents a positive model which shows that institutional setups on capital and labor markets might be intertwined by...

Since the start of European monetary union, the macroeconomic situation in Germany can in many respects only be analyzed in combination with...

Macro-stress testing studies often rely on rather short sample periods due to the limited availability of banking data.

This paper proposes an approach for estimating the uncertainty associated with model-based macroeconomic forecasts. We argue that estimated...

Using a newly constructed macroeconometric model for Germany and the rest of the Euro area, we investigate the macroeconomic effects of...