Warum sich Deutschland der Rezession im Euroraum widersetzen kann - Einsichten aus Simulationen mit dem RWI-Mehrländermodell
Why Germany Can Withstand the Euro Area Recession — Insights from RWI-Multi Country Model Simulations
Germany is economically closely intertwined with the other member countries of the euro area. Some of these countries are in a deep recession, and it is feared that Germany will not manage to avoid being swept up by this economic burden for long. However, the German economy also benefits from the depreciation of the euro and low interest rates in the euro area — both of which are results of the economic slump in the euro area, too. In order to get an idea of the magnitude of these countervailing effects, we perform simulations with the RWI-Multi Country model.
Breuer, S. and T. Schmidt (2012), Warum sich Deutschland der Rezession im Euroraum widersetzen kann - Einsichten aus Simulationen mit dem RWI-Mehrländermodell: Why Germany Can Withstand the Euro Area Recession — Insights from RWI-Multi Country Model Simulations. Wirtschaftsdienst, 92, 10, 687-691