1. Home
  2. Studies
  3. Business Cycle Analysis with an Equilibrium Model for the German Economy
Daniel Bendel / Markus Demary / Manfred Jäger-Ambrożewicz IW-Trends No. 3 25. September 2013 Business Cycle Analysis with an Equilibrium Model for the German Economy
Download PDF
Business Cycle Analysis with an Equilibrium Model for the German Economy
Daniel Bendel / Markus Demary / Manfred Jäger-Ambrożewicz IW-Trends No. 3 25. September 2013

Business Cycle Analysis with an Equilibrium Model for the German Economy

IW-Trends

Download PDF

Share this article:

or copy the following link:

The link was added to your clipboard!

Controversy rages as to whether the recession in Germany in 2009 was caused by a slump in world trade or by a supply shock due to the problems in the banking sector. According to the new DSGE model developed by the Cologne Institute for Economic Research (IW Köln) the severe downturn in the German economy was triggered by both declining foreign demand and a drop in productivity. However, the productivity shock can also be ex-plained by surplus capacity and declining investment activity. To this extent, therefore, it also reflects a demand shock, though, due to their structure, the DSGE models cannot adequately describe this.

Download PDF
Business Cycle Analysis with an Equilibrium Model for the German Economy
Daniel Bendel / Markus Demary / Manfred Jäger-Ambrożewicz IW-Trends No. 3 25. September 2013

Daniel Bendel / Markus Demary / Manfred Jäger-Ambrożewicz: Konjunkturanalyse mit einem Gleichgewichtsmodell für die deutsche Wirtschaft

IW-Trends

Download PDF

Share this article:

or copy the following link:

The link was added to your clipboard!

More on the topic

Read the article
Supply bottlenecks and price developments for raw materials and inputs
Hubertus Bardt / Matthias Diermeier / Michael Grömling / Michael Hüther / Thomas Obst IW-Report No. 27 9. August 2021

Supply bottlenecks and price developments for raw materials and inputs

Having experienced strict economic lockdowns, the post-pandemic period various sectors report severe supply side bottlenecks and price increases for intermediate goods.

IW

Read the article
IW-Forschungsgruppe Gesamtwirtschaftliche Analysen und Konjunktur IW-Trends No. 1 24. March 2021

IW Economic Forecast Spring 2021: Pandemic Sends a Divided Economy on a Rollercoaster Ride

The German economy is divided on both the supply and demand sides. Consumption and parts of the service economy are again experiencing sharp falls while exports and some industrial sectors are benefiting from a worldwide economic recovery.

IW

More about this topic

Content element with id 8880 Content element with id 9713