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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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German enterprises’ profitability and financing in 2020 Article from the Monthly Report December 2021
231 KB, PDF
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The validity of interest parity in times of crisis Article from the Monthly Report October 2022
1 MB, PDF
Article from the Monthly Report October 2022
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Consequences of increasing protectionism Article from the Monthly Report January 2020
275 KB, PDF
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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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Global value chain participation and exchange rate pass-through Discussion paper 67/2020: Georgios Georgiadis, Johannes Gräb, Makram Khalil
722 KB, PDF