Arbeitspapier
Finance-dominated capitalism in Germany: Deep recession and quick recovery
Germany's recent export successes and the fast recovery from the 2007 -2009 crisis made it Europe's "economic superstar" in public opinion. This paper interprets the German performance against the background of financialisation. After an examination of the pre-crisis demand and growth regime, the focus is on how financialisation has contributed to the German 'export-led mercantilist' regime. The paper focuses subsequently on the determinants of the German current account balance, to then interpret the development of Germany during the financial and economic crisis and the causes for the quick recovery in light of the previous analysis.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 39/2014
- Classification
-
Wirtschaft
Aggregate Factor Income Distribution
Policy Objectives; Policy Designs and Consistency; Policy Coordination
Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
Incomes Policy; Price Policy
Studies of Particular Policy Episodes
Macroeconomic Aspects of International Trade and Finance: General
Economic Growth of Open Economies
- Subject
-
current account imbalances
financialisation
financial and economic crisis
Germany
trade balance
- Event
-
Geistige Schöpfung
- (who)
-
Detzer, Daniel
Hein, Eckhard
- Event
-
Veröffentlichung
- (who)
-
Hochschule für Wirtschaft und Recht Berlin, Institute for International Political Economy (IPE)
- (where)
-
Berlin
- (when)
-
2014
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Detzer, Daniel
- Hein, Eckhard
- Hochschule für Wirtschaft und Recht Berlin, Institute for International Political Economy (IPE)
Time of origin
- 2014
Other Objects (12)
Finance-dominated capitalism and redistribution of income: A Kaleckian perspective
Finance-dominated capitalism, re-distribution and the financial and economic crises: A European perspective
Finance-dominated capitalism, re-distribution, household debt and financial fragility in a Kaleckian distribution and growth model
The crisis of finance-dominated capitalism in the euro area, deficiencies in the economic policy architecture, and deflationary stagnation policies
Finance-dominated capitalism in crisis: The case for a Global Keynesian New Deal
Finance-dominated capitalism and income distribution: A Kaleckian perspective on the case of Germany
Varieties and interdependencies of demand and growth regimes in finance-dominated capitalism
Demand and growth regimes in finance-dominated capitalism and the role of the macroeconomic policy regime: a post-Keynesian comparative study on France, Germany, Italy and Spain before and after the Great Financial Crisis and the Great Recession
Inequality and growth: Marxian and post-Keynesian/Kaleckian perspectives on distribution and growth regimes before and after the Great Recession
"It is clear that this kind of deregulated capitalism will not survive in the end". Interview with Hansjörg Herr
Monetary policy and wage bargaining in the EMU: Restrictive ECB policies, high unemployment, nominal wage restraint and rising inflation
Varieties of demand and growth regimes: Post-Keynesian foundations
Finance-dominated capitalism and redistribution of income: A Kaleckian perspective
Finance-dominated capitalism, re-distribution and the financial and economic crises: A European perspective
Finance-dominated capitalism, re-distribution, household debt and financial fragility in a Kaleckian distribution and growth model
The crisis of finance-dominated capitalism in the euro area, deficiencies in the economic policy architecture, and deflationary stagnation policies
Finance-dominated capitalism in crisis: The case for a Global Keynesian New Deal
Finance-dominated capitalism and income distribution: A Kaleckian perspective on the case of Germany
Varieties and interdependencies of demand and growth regimes in finance-dominated capitalism
Demand and growth regimes in finance-dominated capitalism and the role of the macroeconomic policy regime: a post-Keynesian comparative study on France, Germany, Italy and Spain before and after the Great Financial Crisis and the Great Recession
Inequality and growth: Marxian and post-Keynesian/Kaleckian perspectives on distribution and growth regimes before and after the Great Recession
"It is clear that this kind of deregulated capitalism will not survive in the end". Interview with Hansjörg Herr
Monetary policy and wage bargaining in the EMU: Restrictive ECB policies, high unemployment, nominal wage restraint and rising inflation
Varieties of demand and growth regimes: Post-Keynesian foundations
Finance-dominated capitalism and redistribution of income: A Kaleckian perspective
Finance-dominated capitalism, re-distribution and the financial and economic crises: A European perspective
Finance-dominated capitalism, re-distribution, household debt and financial fragility in a Kaleckian distribution and growth model
The crisis of finance-dominated capitalism in the euro area, deficiencies in the economic policy architecture, and deflationary stagnation policies
Finance-dominated capitalism in crisis: The case for a Global Keynesian New Deal
Finance-dominated capitalism and income distribution: A Kaleckian perspective on the case of Germany
Varieties and interdependencies of demand and growth regimes in finance-dominated capitalism
Demand and growth regimes in finance-dominated capitalism and the role of the macroeconomic policy regime: a post-Keynesian comparative study on France, Germany, Italy and Spain before and after the Great Financial Crisis and the Great Recession
Inequality and growth: Marxian and post-Keynesian/Kaleckian perspectives on distribution and growth regimes before and after the Great Recession
"It is clear that this kind of deregulated capitalism will not survive in the end". Interview with Hansjörg Herr
Monetary policy and wage bargaining in the EMU: Restrictive ECB policies, high unemployment, nominal wage restraint and rising inflation