Lessons from the financial preparations in the lead-up to the first world war

Harold James, 9 July 2014

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The 1907 panic emanated from the US but affected the rest of the world and demonstrated the fragility of the whole international financial order. The aftermath of the 1907 crash drove the then hegemonic power – Great Britain – to reflect on how it could use its financial power.

Topics: Economic history
Tags: Germany, Great Britain, US, WWI

Trust-based working time spurs innovation

Holger Görg, Olivier N. Godart, Aoife Hanley, Christiane Krieger-Boden, 8 July 2014

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The organisation of work has changed dramatically over the last few decades. In particular, the formerly rigidly regulated working time has been replaced by flexible working hour schemes in numerous firms around the world. Taking Germany as an example, in 2010, 36% of employees were entitled to some form of flexible working hours scheme (Figure 1).

Topics: Health economics, Labour markets, Productivity and Innovation
Tags: flexibility, Germany, health, innovation, motivation, overtime, trust, working hours, working time

The euro crisis: Muddling through, or on the way to a more perfect euro union?

Joshua Aizenman, 3 July 2014

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The short history of the Eurozone has been remarkable and unprecedented – the euro project has moved from the planning board to a vibrant currency within less than ten years.

Topics: Institutions and economics, International finance, Monetary policy
Tags: ECB, euro, eurozone, Eurozone crisis, Germany, GIIPS, inflation targeting, institutions

Why Europe needs two euros, not one

Jacques Melitz, 2 July 2014

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One basic feature of the sickly situation in the Eurozone today is that the system does not clearly bear any essential flaw from the standpoint of Germany. All things considered, the country has not done badly since the Great Recession of 2008-2010.

Topics: EU institutions, EU policies
Tags: eurozone, Germany, second common currency

Four myths about the Great War of 1914-1918

Mark Harrison, 3 June 2014

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As its centennial approaches, the events of the Great War have worldwide resonance. Most obviously, is China the Germany of today? Will China’s rise, unlike Germany’s, remain peaceful? The journalist Gideon Rachman wrote last year (Financial Times, February 4, 2013):

Topics: Economic history, Europe's nations and regions
Tags: Germany, reparations, Versailles treaty, WWI

The German surplus and the Eurosceptics

Francesco Daveri , 28 May 2014

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In the European elections of 25 May, the Eurosceptic parties achieved considerable electoral success.

Topics: Europe's nations and regions, Politics and economics
Tags: Eurosceptics, Germany, trade surplus

Nazi pork and popularity: How Hitler’s roads won German hearts and minds

Hans-Joachim Voth, Nico Voigtländer, 22 May 2014

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‘At least he built the Autobahn’. Many Germans remember this phrase from conversations with parents and grandparents pointing to how the Nazi regime could receive such widespread support. The regime’s overwhelming popularity at home was essential for its policies, from the aggressive pursuit of war abroad to genocide.

Topics: Economic history, Politics and economics
Tags: Adolf Hitler, autobahn, Germany, Nazis, pork-barrel spending

A minimalist approach to fiscal oversight

George Kopits, 24 December 2013

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The German government has received much criticism for its reluctance to support unified banking supervision under the European Central Bank and the European Commission.

Topics: Europe's nations and regions
Tags: banking regulation, fiscal regulation, Germany

German labour reforms: Unpopular success

Tom Krebs, Martin Scheffel, 20 September 2013

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Just a few years ago, Germany was known as the sick man of Europe (Burda 2007). Starting from an average unemployment rate below 4% in the 1970s, Germany saw its rate increase to almost 9% in the period 1995-2005. As seen in Figure 1 the unemployment rate has a strong cyclical component but also a trend component that has been rising since the 1970s until the mid-2000s.

Topics: Labour markets, Macroeconomic policy
Tags: Germany, reforms, unemployment

Bowling for Adolf: How social capital helped to destroy Germany’s first democracy

Hans-Joachim Voth, Nico Voigtländer, Shanker Satyanath, 5 August 2013

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As recent events in Egypt and Tunisia demonstrate, establishing viable democracies can be a daunting task. Why do some democracies not just survive, but thrive – often in the face of adversity – while others buckle under strain and collapse?

Topics: Economic history, Politics and economics
Tags: civil society, Germany, Nazi, Weimar

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