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
Disrupted Production, Price Rises and Pandemic Policies
IW-Forschungsgruppe Gesamtwirtschaftliche Analysen und Konjunktur IW-Trends No. 4 29. November 2021

IW Economic Forecast Winter 2021: Disrupted Production, Price Rises and Pandemic Policies

In the course of 2021 Germany’s economic recovery has once again perceptibly lost momentum. After the strain brought about at the beginning of the year by the lockdown for the second and third waves of the Covid19 pandemic, manufacturing and construction ...

IW

Read the article
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

More about this topic

Content element with id 8880 Content element with id 9713