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Higher wages in Germany do not materially reduce trade imbalances Research Brief | 32nd edition – March 2020
Can wage hikes in Germany contribute to a reduction in global trade imbalances? A new study answers this question. Applying a general equilibrium model, it shows that, although wage hikes in Germany reduce the country’s trade surplus, the quantitative effects are relatively small and depend on the European Central Bank’s monetary policy response.
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Gauging the effects of the German COVID-19 fiscal stimulus package Discussion paper 43/2021: Natascha Hinterlang, Stéphane Moyen, Oke Röhe, Nikolai Stähler
934 KB, PDF
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Zur Bedeutung von Institutionen in der wirtschaftlichen und finanziellen Entwicklung - Institution Building im Finanzsektor -
264 KB, PDF
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The global financial cycle and macroeconomic tail risks Discussion paper 43/2022: Johannes Beutel, Lorenz Emter, Norbert Metiu, Esteban Prieto, Yves Schüler
1 MB, PDF
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Questionnaire for the Survey on Consumer Expectations (BOP‑HH) Wave 66 – June 2025
504 KB, PDF
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Statistical Series International investment position and external debt June 2025
5 MB, PDF
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Consequences of increasing protectionism Article from the Monthly Report January 2020
275 KB, PDF
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