German public finances through the financial crisis

Arbeitspapier

The German experience of the crisis was very different compared to those of most other countries in Europe. Germany was hit by a very strong shock which was relatively concentrated in the exporting, manufacturing industries. In addition, the German labour market was very resilient during the crisis due to earlier labour market reforms and policy instruments facilitating labour hoarding. As a consequence, public finances were only moderately affected and not many policy reforms had to be enacted. This chapter will present the German experience of the financial crisis. We start by presenting the macroeconomic situation and how the crisis unfolded in Germany, before focusing on the situation of public finances. Finally, we analyse the policy responses to the financial crisis.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: ZEW Discussion Papers ; No. 15-041

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Crisis Management ; Taxation and Subsidies: Externalities; Redistributive Effects; Environmental Taxes and Subsidies ; Fiscal Policies and Behavior of Economic Agents: Firm ; National Budget, Deficit, and Debt: General
• Thema: crisis management ; financial crisis ; redistribution ; budget deficit and debt

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Blömer, Maximilian ; Dolls, Mathias ; Fuest, Clemens ; Löffler, Max ; Peichl, Andreas
• Ereignis: Veröffentlichung
• (wer): Zentrum für Europäische Wirtschaftsforschung (ZEW)
• (wo): Mannheim
• (wann): 2015

Weitere Informationen

• Handle: http://hdl.handle.net/10419/111411
• URN: urn:nbn:de:bsz:180-madoc-394715
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ