Michael König,Adalbert Winkler
Michael König
[Inherent Instability: The Role of the Output Gap in the Stability and Growth Pact] [0.03%]
内在的不稳定：《稳定与增长公约》中的产出缺口作用
Christian M Bender,Arne Heise
Christian M Bender
Fiscal rules in general and the Stability and Growth Pact in particular are repeatedly used to effectively limit public debt and achieve fiscal sustainability. In this context, the concept of the unobservable output gap deserves special att...
Franziska Bremus,Lukas Menkhoff
Franziska Bremus
Additional "capital buffers", such as the countercyclical capital buffer, were introduced after the 2008/09 crisis. These buffers were requested in addition to banks' minimum capital requirements. They should be built up during good times a...
[How Do We Finance the Corona Debt? Attempting a "Right" Answer to the "Wrong" Question from the Perspective of Modern Monetary Theory] [0.03%]
[我们如何融资新冠债务？从现代货币理论角度对“错误”问题尝试作“正确”回答]
Dirk Ehnst,Michael Paetz
Dirk Ehnst
The year 2020 was marked by the COVID-19 pandemic and its economic consequences. In Germany, government deficits as well as the debt ratio rose to an estimated 5 % and 75 % of GDP respectively as a result of the decline in economic output. ...
[The Effects of COVID-19 Induced Lockdown Measures on Market Entry and Exits in the Skilled Crafts Sector] [0.03%]
[新冠肺炎疫情管控措施对技能型手工艺品市场进出的影响]
Katarzyna Haverkamp,Petrik Runst,Till Proeger
Katarzyna Haverkamp
In the spring of 2020, the skilled crafts sector was simultaneously affected by two different policy measures: the COVID-19-induced lockdown measures and a new market entry regulation. We use administrative data from the German Chambers of ...
Öffentliche Investitionen im Konjunkturprogramm als Einstieg in die sozial-ökologische Transformation [0.03%]
复苏计划中的公共投资作为社会生态转型的起点
Sebastian Dullien,Katja Rietzler,Silke Tober
Sebastian Dullien
Marius Clemens,Marcel Fratzscher,Claus Michelsen
Marius Clemens
ZG Überblick
ZG Überblick
The economic slump caused by the COVID-19 pandemic is accompanied by structural change in Germany, driven in particular by the need for digital transformation and decarbonization as well as demographic change. On the one hand, the coronavir...
Enzo Weber
Enzo Weber
Ludger Wößmann
Ludger Wößmann