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Journal Article
Germany's recession continues, but long-term outlook is bright
Chriszt, Michael J. (1993-07)
Economics Update , Issue Jul , Pages 2-4

Working Paper
Corporate governance, entrenched labor, and economic growth
Schmid, Frank A.; Emmons, William R. (2001)
The German system of codetermination contributes to the entrenchment of labor. We show in a two-period model of project choice that entrenched labor leads to underinvestment and overstaffing. We provide empirical evidence that German firms subject to codetermination with equal representation of workers on supervisory boards during 1989-93 were, on average, overstaffed. In addition, the fraction of employees in codetermined firms has decreased over time. The expanded reach of codetermination during the mid-1970s therefore may have contributed to the deterioration of German economic growth ...
Working Papers , Paper 2001-023

Working Paper
Germany and the European disease
Minford, Patrick; Davis, John (1986)
This paper is concerned with the growth of unemployment in Europe in the late 70s and early 80s. Unemployment has risen to double digit rates in many countries, rates which are not considered likely to fall much in the rest of the 80s. A theory--'the disease'--is expounded, with empirical evidence from the Federal Republic of Germany. The disease is characterized by high unemployment and low output growth, these being systematic rather than the consequence of some temporary phenomenon such as the downphase of the business cycle. Consequently we present a 'natural rate' explanation as an ...
International Finance Discussion Papers , Paper 296

Journal Article
The extent and impact of outsourcing: evidence from Germany
Bandyopadhyay, Subhayu; Bhaumik, Sumon; Aubuchon, Craig P. (2012-07)
The authors use data from several sources, including plant-level data from the manufacturing sector in Germany, to expand the literature on outsourcing. They find that, in Germany, the extent of outsourcing among manufacturing industries is higher than among service industries and that the outsourcing intensity of these industries did not change much between 1995 and 2005. They also find a statistically significantly positive impact of industry-level outsourcing intensity on German plant-level labor produc- tivity for both 2000 and 2005. The estimated economic impact of outsourcing on ...
Review , Volume 94 , Issue July

Journal Article
The European currency crisis
Glick, Reuven; Hutchison, Michael M. (1992)
FRBSF Economic Letter

Conference Paper
Overview of the symposium, Changing Capital Markets: Implications for Monetary Policy (panel)
Fischer, Stanley (1993)
Proceedings - Economic Policy Symposium - Jackson Hole

Working Paper
Universal banking, allocation of control rights, and corporate finance in Germany
Schmid, Frank A.; Emmons, William R. (1998)
Corporate governance practices differ greatly in the United States and Germany. This paper describes the main institutional features of the German corporate governance system, focusing on universal banks and codetermination. The paper also summarizes existing empirical evidence that has investigated how- and how well- this system works.
Working Papers , Paper 1998-001

Conference Paper
The behavior of monetary sectors and monetary policy: evidence from multicountry models
Brayton, Flint; Marquez, Jaime R. (1990)
Proceedings

Journal Article
The postwar economic system in Germany: creation, evolution and reappraisal
Duwendag, Dieter (1975-10)
Review , Volume 57 , Issue Oct , Pages 16-22

Working Paper
Globalization and productivity in the United States and Germany
Mann, Catherine L. (1997)
This paper investigates the impact of globalization on productivity growth and the procyclicality of productivity growth in manufacturing industries in the United States and Germany. For U.S. industries, the analysis suggests that changes in international demand affect productivity growth differently from changes in exposure to international competition. An increase in foreign demand for U.S. exports raises trend productivity growth, but to a lesser degree than does a similar demand shock from domestic buyers. On the other hand, whereas an increase in U.S. imports reduces trend productivity ...
International Finance Discussion Papers , Paper 595

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