The German economy is stuck in a difficult position as it faces both slow growth as well as structural change. The continuing lack of orders in manufacturing, increasing international competition, and sluggish development in industry-related services are now affecting the labor market and leading not only to short-time work but to layoffs too, despite the continuing skilled worker shortage. While GDP ...
Recent proposals for a European deposit insurance scheme (EDIS) favor a reinsurance framework. In this paper, we use a regime-switching open economy DSGE model with bank defaults to assess the relative efficiency of such a scheme. We find that reinsurance by EDIS is more effective in stabilizing real activity, credit, and welfare than a national fiscal backstop. We demonstrate that risk-weighted contributions ...
Wissenschaftsunterstützendes Team der forschungsbasierten Infrastruktureinrichtung 'Sozio-oekonomisches Panel (SOEP)'
Die digitale Transformation verändert wirtschaftliche Abläufe auf tiefgreifende Art und Weise. Online-Plattformen bieten eine beispiellose Vielfalt an Produkten und Dienstleistungen an, während technologische Innovationen wie künstliche Intelligenz rasch entwickelt und in vielen Anwendungsbereichen eingesetzt werden. Gleichzeitig birgt der rasante Aufstieg digitaler Technologien zahlreiche Herausforderungen ...
Germany has emerged over centuries as a central European country marked by political shifts that have resulted in deep regional fragmentation. The polit ical burdens of two world wars led, in the late 1940s, to a separation of the country into the communist German Democratic Republic (GDR) and the western Federal Republic of Germany (FRG), a separation that ended with German (re)unification in ...
Germany's energy transition is progressing. Renewable energy sources already cover more than half of Germany's electricity demand. However, as the share of variable wind and solar energy increases, so do the fluctuations in electricity generation. Consequently, flexibility on the supply and demand side of the electricity market is becoming increasingly important. This can be achieved in particular ...
