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Can Germany’s economy stage an unexpected recovery?Steffen MüllerThe Economist, January 30, 2025
We suggest an equilibrium mechanism for the widely debated argument that “greedflation” has fostered widespread price hikes.
We document a new fact: in U.S., European and Japanese surveys, households do not expect deflation, even in environments where persistent deflation is a strong possibility.
The workshop provides a platform to discuss new developments in the field of empirical and applied macroeconomic modelling and aims at bringing together academic researchers and practitioners. We invite applied and theoretical papers dealing with time series and broad macroeconomic topics. Papers that explicitly cover the macroeconomic modelling, forecasting and monetary policy reactions on inflation are particularly welcome.
Vorstellung des Herbstgutachtens 2022 der Projektgruppe Gemeinschaftsdiagnose
Vorstellung des Frühjahrsgutachtens 2023 der Projektgruppe Gemeinschaftsdiagnose.
The recent surge in inflation led many unions and firms to alter their bargaining and wage-setting policies. Using novel German firm-level survey data, we document the extent of state dependence in wage setting across firms and workers during periods of high and low inflation.