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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
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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

German Economic Institute (IW) German Economic Institute (IW)

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.

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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

German Economic Institute (IW) German Economic Institute (IW)

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Michael Grömling in Intereconomics External Publication 10. February 2025

The Current Economic Situation in Germany in the Context of Previous Crises

This article places the current economic stagnation in Germany in the context of previous crises since 1991.

IW

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Michael Hüther IW-Policy Paper No. 1 8. January 2025

An agenda for the new legislative period: Competitiveness and transformation

The German business model, based on industry, services, exports, and regional balance, faces significant pressure.

IW

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