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137 results, from 111
DIW Economic Bulletin 8 / 2013

Germany Must Invest More in Its Future

Shortly before the parliamentary election in 2013, Germany is riding on a wave of euphoria: hardly any other euro country has weathered the financial and debt crisis so well. Since 2009, GDP has grown by over eight percent and 1.2 million new jobs have been created. Public finances were consolidated and, in 2012, there was a fiscal surplus of 0.2 percent of GDP. An impressive financial position indeed ...

2013| S. Bach, G. Baldi, K. Bernoth, J. Blazejczak, B. Bremer, J. Diekmann, D. Edler, B. Farkas, F. Fichtner, M. Fratzscher, M. Gornig, C. Kemfert, U. Kunert, H. Link, K. Neuhoff, W.-P. Schill, C. K. Spieß
Diskussionspapiere 1295 / 2013

The European Debt Crisis and Fiscal Reaction Functions in Europe 2000-2012

After the global financial crisis, some governments in the EU experienced serious debt financing problems, while others were less affected. This paper seeks to shed light on the divergent fiscal performance by assessing the fiscal conduct in the EU countries before and after the outbreak of the crisis. Fiscal reaction functions of the primary balance are estimated for different groups of EU countries ...

2013| Guido Baldi, Karsten Staehr
DIW Roundup 117 / 2017

International Investments and Current Account Imbalances: The Importance of Valuation Changes

Global capital flows have strongly increased from the 1980s until the outbreak of the financial crisis. As a result of this development, Germany's foreign investment has risen to around 250 percent of gross domestic product while foreign investments in Germany have increased to about 200 percent of Germany’s gross domestic product. This positive difference between Germany’s assets and liabilities is ...

2017| Guido Baldi, Björn Bremer, Thore Schlaak
DIW Roundup 117 / 2017

Internationale Investitionen und Leistungsbilanzungleichgewichte: Die Bedeutung von Wertschwankungen

Finanzkrise stark gestiegen. Im Zuge dessen sind etwa die Auslandsinvestitionen Deutschlands auf rund 250 Prozent in Relation zum Bruttoinlandsprodukt, die Investitionen des Auslands in Deutschland auf etwa 200 Prozent gestiegen. Diese positive Differenz ist eine Folge der kontinuierlichen Leistungsbilanzüberschüsse Deutschlands, welche die Nettofinanzflüsse abbilden – also die Differenz zwischen Ab- ...

2017| Guido Baldi, Björn Bremer, Thore Schlaak
DIW Roundup 110 / 2017

The Natural Rate of Interest and Secular Stagnation

In many advanced economies, there has been a declining trend in interest rates over the past thirty years. Since the financial crisis, interest rates have remained particularly low. Though a decrease in inflation explains part of the fall in nominal interest rates, there is also a clear downtrend in real interest rates. Against this backdrop, a debate has emerged over the factors that might have contributed ...

2017| Guido Baldi, Patrick Harms
DIW Roundup 83 / 2015

Productivity Growth, Investment, and Secular Stagnation

In many advanced economies, the economic recovery from the financial crisis has been sluggish. In light of these developments, it has been argued by various economists that economic growth per capita has already been on a downward trend since the 1980s. Studies suggest that this is largely due to low productivity growth. While factors of production such as labor and capital are being used more productively ...

2015| Guido Baldi, Patrick Harms
DIW Roundup 83 / 2015

Produktivitätswachstum, Investitionen und säkulare Stagnation

Die entwickelten Volkswirtschaften erholen sich nur schleppend von der Finanzkrise. Unter dem Eindruck dieser jüngsten Entwicklungen wird verschiedentlich darauf hingewiesen, dass sich das Wirtschaftswachstum pro Kopf in vielen entwickelten Volkswirtschaften bereits seit den 1980er Jahren verlangsamt hat. Untersuchungen deuten darauf hin, dass dieser Rückgang zu einem bedeutenden Teil auf ein geringes ...

2015| Guido Baldi, Patrick Harms
DIW Roundup 71 / 2015

Foreign Direct Investment and Economic Growth

Various proposals are currently being suggested to encourage higher foreign direct investment in countries within the euro area, particularly between individual member states. The intended goal is to assist in stimulating economic growth in the euro area. Against this background, this article provides an overview of the large and heterogeneous academic literature on the influence of direct investment ...

2015| Guido Baldi, Jakob Miethe
DIW Roundup 71 / 2015

Ausländische Direktinvestitionen und Wirtschaftswachstum

Direktinvestitionen in die Länder des Euroraums zu setzen – vor allem auch zwischen den einzelnen Mitgliedsländern. Dies soll unter anderem dazu beitragen, das Wirtschaftswachstum im Euroraum zu beleben. Vor diesem Hintergrund gibt dieser Beitrag einen Überblick der umfangreichen – aber auch heterogenen – wissenschaftlichen Literatur zum Einfluss von Direktinvestitionen auf das Wirtschaftswachstum. ...

2015| Guido Baldi, Jakob Miethe
DIW Roundup 18 / 2014

The New Growth Debate

The developed economies of Europe and the United States are slowly recovering from the worldwide financial crisis and the debt crisis in the euro area. How will the economic situation of these countries evolve in the future? Will the developed economies experience high rates of productivity and economic growth or will they have to face stagnation for a long period of time? Various famous economists ...

2014| Guido Baldi, Patrick Harms
137 results, from 111