IDEAS home Printed from https://ideas.repec.org/a/bla/jcmkts/v51y2013i6p1023-1039.html
   My bibliography  Save this article

The German Model and the European Crisis

Author

Listed:
  • Luigi Bonatti
  • Andrea Fracasso

Abstract

No abstract is available for this item.

Suggested Citation

  • Luigi Bonatti & Andrea Fracasso, 2013. "The German Model and the European Crisis," Journal of Common Market Studies, Wiley Blackwell, vol. 51(6), pages 1023-1039, November.
  • Handle: RePEc:bla:jcmkts:v:51:y:2013:i:6:p:1023-1039
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1111/jcms.12067
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Jesús Fernández-Villaverde & Luis Garicano & Tano Santos, 2013. "Political Credit Cycles: The Case of the Eurozone," Journal of Economic Perspectives, American Economic Association, vol. 27(3), pages 145-166, Summer.
    2. Roel Beetsma & Massimo Giuliodori & Franc Klaassen, 2006. "Trade spill-overs of fiscal policy in the European Union: a panel analysis [‘Fiscal policy, profits, and investment’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 21(48), pages 640-687.
    3. Campa, Jose Manuel & Gavilan, Angel, 2011. "Current accounts in the euro area: An intertemporal approach," Journal of International Money and Finance, Elsevier, vol. 30(1), pages 205-228, February.
    4. Hans-Werner Sinn, 2009. "Can Germany Be Saved?: The Malaise of the World's First Welfare State," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262512602, December.
    5. Sebastian Barnes & Jeremy Lawson & Artur Radziwill, 2010. "Current Account Imbalances in the Euro Area: A Comparative Perspective," OECD Economics Department Working Papers 826, OECD Publishing.
    6. Claudia M. Buch & Jörn Kleinert & Alexander Lipponer & Farid Toubal & Richard Baldwin, 2005. "Determinants and effects of foreign direct investment: evidence from German firm-level data [‘Estimating the knowledge-capital model of the multinational enterprise: comment on Carr, David L.’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 20(41), pages 52-110.
    7. Filippo Di Mauro & Katrin Forster, "undated". "Globalisation and the competitiveness of the Euro area," Working Papers 5, Department of the Treasury, Ministry of the Economy and of Finance.
    8. Tobias Knedlik & Gregor Von Schweinitz, 2012. "Macroeconomic Imbalances as Indicators for Debt Crises in Europe," Journal of Common Market Studies, Wiley Blackwell, vol. 50(5), pages 726-745, September.
    9. International Monetary Fund, 2012. "Bolivia: Staff Report for the 2012 Article IV Consultation," IMF Staff Country Reports 2012/149, International Monetary Fund.
    10. Andrei A. Levchenko & Jing Zhang, 2012. "Comparative advantage and the welfare impact of European integration [General equilibrium analysis of the Eaton–Kortum model of international trade]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 27(72), pages 567-602.
    11. Mr. Sebastian Weber & Anna Ivanova, 2011. "Do Fiscal Spillovers Matter?," IMF Working Papers 2011/211, International Monetary Fund.
    12. Oliver Landmann, 2011. "On the Macroeconomics of European Divergence," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 12(02), pages 19-25, July.
    13. Drudi, Francesco & Durré, Alain & Mongelli, Francesco Paolo, 2012. "The interplay of economic reforms and monetary policy: the case of the euro area," Working Paper Series 1467, European Central Bank.
    14. Virginie Coudert & Cécile Couharde & Valérie Mignon, 2013. "On Currency Misalignments within the Euro Area," Review of International Economics, Wiley Blackwell, vol. 21(1), pages 35-48, February.
    15. Eichhorst, Werner & Marx, Paul, 2009. "Reforming German Labor Market Institutions: A Dual Path to Flexibility," IZA Discussion Papers 4100, Institute of Labor Economics (IZA).
    16. International Monetary Fund, 2012. "Germany: Staff Report for the 2012 Article IV Consultation," IMF Staff Country Reports 2012/161, International Monetary Fund.
    17. International Monetary Fund, 2011. "Bangladesh: Staff Report for the 2011 Article IV Consultation," IMF Staff Country Reports 2011/314, International Monetary Fund.
    18. Daron Acemoglu & James A. Robinson & Thierry Verdier, 2012. "Can't We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdependent World," NBER Working Papers 18441, National Bureau of Economic Research, Inc.
    19. Philip R. Lane & Gian Maria Milesi-Ferretti, 2007. "Europe and global imbalances [‘New rates for new weights’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 22(51), pages 520-573.
    20. International Monetary Fund, 2012. "Cameroon: Staff Report for the 2012 Article IV Consultation," IMF Staff Country Reports 2012/237, International Monetary Fund.
    21. Jakob Haan & Helge Berger (ed.), 2010. "The European Central Bank at Ten," Springer Books, Springer, number 978-3-642-14237-6, September.
    22. Fabian Bornhorst & Mr. Ashoka Mody, 2012. "Tests of German Resilience," IMF Working Papers 2012/239, International Monetary Fund.
    23. Marco Buti & Nicolas Carnot, 2012. "The EMU Debt Crisis: Early Lessons and Reforms," Journal of Common Market Studies, Wiley Blackwell, vol. 50(6), pages 899-911, November.
    24. Philip R. Lane, 2012. "The European Sovereign Debt Crisis," Journal of Economic Perspectives, American Economic Association, vol. 26(3), pages 49-68, Summer.
    25. Paolo Guerrieri & Filippo Vergara Caffarelli, 2012. "Trade Openness and International Fragmentation of Production in the European Union: The New Divide?," Review of International Economics, Wiley Blackwell, vol. 20(3), pages 535-551, August.
    26. International Monetary Fund, 2012. "Jordan: Staff Report for the 2012 Article IV Consultation," IMF Staff Country Reports 2012/119, International Monetary Fund.
    27. International Monetary Fund, 2012. "Japan: Staff Report for the 2012 Article IV Consultation," IMF Staff Country Reports 2012/208, International Monetary Fund.
    28. International Monetary Fund, 2011. "Chile: Staff Report for the 2011 Article IV Consultation," IMF Staff Country Reports 2011/260, International Monetary Fund.
    29. Sebastian Krautheim, 2013. "Export-supporting FDI," Canadian Journal of Economics, Canadian Economics Association, vol. 46(4), pages 1571-1605, November.
    30. Stephan Danninger & Fred Joutz, 2008. "What Explains Germany's Rebounding Export Market Share?," CESifo Economic Studies, CESifo Group, vol. 54(4), pages 681-714, December.
    31. Anna Ivanova, 2012. "Current Account Imbalances: Can Structural Policies Make a Difference?," IMF Working Papers 2012/061, International Monetary Fund.
    32. International Monetary Fund, 2012. "Republic of Poland: Staff Report for the 2012 Article IV Consultation," IMF Staff Country Reports 2012/162, International Monetary Fund.
    33. International Monetary Fund, 2012. "Suriname: Staff Report for the 2012 Article IV Consultation," IMF Staff Country Reports 2012/281, International Monetary Fund.
    34. Franz Traxler & Bernd Brandl, 2012. "Collective Bargaining, Inter‐Sectoral Heterogeneity and Competitiveness: A Cross‐National Comparison of Macroeconomic Performance," British Journal of Industrial Relations, London School of Economics, vol. 50(1), pages 73-98, March.
    35. Sebastian Dullien & Ulrich Fritsche, 2008. "Does the dispersion of unit labor cost dynamics in the EMU imply long-run divergence?," International Economics and Economic Policy, Springer, vol. 5(3), pages 269-295, November.
    36. Fabrizio Coricelli & Andreas Wörgötter, 2012. "Structural Change and the Current Account: The Case of Germany," OECD Economics Department Working Papers 940, OECD Publishing.
    37. International Monetary Fund, 2012. "Indonesia: Staff Report for the 2012 Article IV Consultation," IMF Staff Country Reports 2012/277, International Monetary Fund.
    38. Lindlar, Ludger & Holtfrerich, Carl-Ludwig, 1997. "Geography, exchange rates and trade structures: Germany's export performance since the 1950s," European Review of Economic History, Cambridge University Press, vol. 1(2), pages 217-246, August.
    39. Spaventa, Luigi & Giavazzi, Francesco, 2010. "Why the current account may matter in a monetary union: Lessons from the financial crisis in the Euro area," CEPR Discussion Papers 8008, C.E.P.R. Discussion Papers.
    40. Philip R. Lane, 2006. "The Real Effects of European Monetary Union," Journal of Economic Perspectives, American Economic Association, vol. 20(4), pages 47-66, Fall.
    41. International Monetary Fund, 2011. "Dominica: Staff Report for the 2011 Article IV consultation," IMF Staff Country Reports 2011/324, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ramon Xifré, 2020. "The Political Value of Internal Devaluation in the Euro Area Crisis," Global Policy, London School of Economics and Political Science, vol. 11(4), pages 466-477, September.
    2. Andrea Fracasso & Nicola Grassano & Giuseppe Vittucci Marzetti, 2015. "The Gravity of Foreign News Coverage in the EU: Does the Euro Matter?," Journal of Common Market Studies, Wiley Blackwell, vol. 53(2), pages 274-291, March.
    3. Mirella Damiani & Milica Uvalic, 2014. "Industrial Development in the EU: What Lessons for the Future Member States?," Croatian Economic Survey, The Institute of Economics, Zagreb, vol. 16(1), pages 5-48, April.
    4. Mirdala, Rajmund & Semančíková, Jozefína & Ruščáková, Anna, 2019. "Determinants of Export and Import Functions in the EU Member Countries," MPRA Paper 99535, University Library of Munich, Germany.
    5. Martin T. Braml & Gabriel J. Felbermayr, 2022. "The EU self-surplus puzzle: an indication of VAT fraud?," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 29(5), pages 1075-1097, October.
    6. Zeilbeck, Severin, 2015. "An investment initiative for fiscally constrained EU member states: The role of synergetic financial instruments," IPE Working Papers 58/2015, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    7. Schneider, Sebastian, 2014. "Varieties of capitalism, varieties of crisis response Bank bailouts in comparative perspective," PIPE - Papers on International Political Economy 21/2014, Free University Berlin, Center for International Political Economy.
    8. Taiki Murai & Gunther Schnabl, 2021. "Macroeconomic Policy Making and Current Account Imbalances in the Euro Area," CESifo Working Paper Series 9153, CESifo.
    9. Schäfer, David, 2016. "A banking union of ideas? The impact of ordoliberalism and the vicious circle on the EU banking union," LSE Research Online Documents on Economics 65875, London School of Economics and Political Science, LSE Library.
    10. Anna Ruščáková & Jozefína Semančíková, 2016. "European Debt Crisis: Theoretical And Empirical Investigation Of External Imbalances As One Of Its Main Causes," Poslovna izvrsnost/Business Excellence, Faculty of Economics and Business, University of Zagreb, vol. 10(2), pages 191-207.
    11. Luigi Bonatti & Andrea Fracasso, 2017. "Addressing the Core-Periphery Imbalances in Europe: Resource Misallocation and Expansionary Fiscal Policies," EconPol Working Paper 6, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    12. David Schäfer, 2016. "A Banking Union of Ideas? The Impact of Ordoliberalism and the Vicious Circle on the EU Banking Union," Journal of Common Market Studies, Wiley Blackwell, vol. 54(4), pages 961-980, July.
    13. Hans-Michael Trautwein & Finn Marten Körner, 2014. "German Economic Models, Transnationalization and European Imbalances," ZenTra Working Papers in Transnational Studies 28 / 2014, ZenTra - Center for Transnational Studies, revised Jan 2014.
    14. Martin T Braml & Gabriel J Felbermayr, 2019. "What Do We Really Know about the Transatlantic Current Account?," CESifo Economic Studies, CESifo, vol. 65(3), pages 255-274.
    15. Schnabl Gunther, 2018. "Monetary Integration, Fiscal Divergence and Current Account Imbalances in Europe," The Economists' Voice, De Gruyter, vol. 15(1), pages 1-16, December.
    16. Luigi Bonatti, 2016. "Anemic economic growth in advanced economies: structural factors and the impotence of expansionary macroeconomic policies," DEM Working Papers 2016/11, Department of Economics and Management.
    17. Mirdala, Rajmund & Ruščáková, Anna, 2015. "On Origins and Implications of the Sovereign Debt Crisis in the Euro Area," MPRA Paper 68859, University Library of Munich, Germany.
    18. Federico Maria Ferrara & Jörg S Haas & Andrew Peterson & Thomas Sattler, 2022. "Exports vs. Investment: How Public Discourse Shapes Support for External Imbalances," Post-Print hal-02569351, HAL.
    19. Mitchell Christopher W., 2016. "The structure of financial markets and the form of state bailouts, 1974–2009," Business and Politics, De Gruyter, vol. 18(2), pages 97-122, August.
    20. Federico Steinberg & Mattias Vermeiren, 2016. "Germany's Institutional Power and the EMU Regime after the Crisis: Towards a Germanized Euro Area?," Journal of Common Market Studies, Wiley Blackwell, vol. 54(2), pages 388-407, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Fabian Bornhorst & Mr. Ashoka Mody, 2012. "Tests of German Resilience," IMF Working Papers 2012/239, International Monetary Fund.
    2. Bornhorst, Fabian & Mody, Ashoka, 2012. "Test of the German resilience," CFS Working Paper Series 2012/14, Center for Financial Studies (CFS).
    3. Elsa Fornero, 2015. "Economic-financial Literacy and (Sustainable) Pension Reforms: Why the Former is a Key Ingredient for the Latter," Bankers, Markets & Investors, ESKA Publishing, issue 134, pages 6-16, January-F.
    4. Luigi Bonatti & Andrea Fracasso, 2012. "A Germans� dilemma: save the euro or preserve their socio-economic model," Department of Economics Working Papers 1207, Department of Economics, University of Trento, Italia.
    5. Abroskin A.S. (Аброскин, А.С.) & Abroskina N.A. (Аброскина, Н.А.), 2016. "Methods of Analysis of Shadow of Cross-Border Capital Flows [Методы Анализа Теневых Трансграничных Потоков Капитала]," Working Papers 2134, Russian Presidential Academy of National Economy and Public Administration.
    6. Joseph E. Gagnon & C. Fred Bergsten, 2012. "Currency Manipulation, the US Economy, and the Global Economic Order," Policy Briefs PB12-25, Peterson Institute for International Economics.
    7. Geraldine Dany-Knedlik & Juan Angel Garcia, 2018. "Monetary Policy and Inflation Dynamics in ASEAN Economies," IMF Working Papers 2018/147, International Monetary Fund.
    8. Anne-Marie Brook, 2013. "Making fiscal policy more stabilising in the next upturn: Challenges and policy options," New Zealand Economic Papers, Taylor & Francis Journals, vol. 47(1), pages 71-94, April.
    9. International Monetary Fund, 2012. "Liberia: 2012 Article IV Consultation," IMF Staff Country Reports 2012/340, International Monetary Fund.
    10. Samer Matta & Simon Appleton & Michael Bleaney, 2019. "The Impact of the Arab Spring on the Tunisian Economy," The World Bank Economic Review, World Bank, vol. 33(1), pages 231-258.
    11. Kabbashi M. Suliman, 2016. "The Political Economy of Fiscal Institutions and Macroeconomic Management in Sudan," Working Papers 1044, Economic Research Forum, revised 09 Jan 2016.
    12. Ms. Anja Baum & Mr. Marcos Poplawski Ribeiro & Miss Anke Weber, 2012. "Fiscal Multipliers and the State of the Economy," IMF Working Papers 2012/286, International Monetary Fund.
    13. International Monetary Fund, 2014. "Finland: Selected Issues," IMF Staff Country Reports 2014/140, International Monetary Fund.
    14. Ian Davidoff & Andrew Leigh, 2013. "How Do Stamp Duties Affect the Housing Market?," The Economic Record, The Economic Society of Australia, vol. 89(286), pages 396-410, September.
    15. Rožāns Edgars, 2016. "The Benchmarking Practices of the Economically Freest Countries in Europe and the World," Ekonomika (Economics), Sciendo, vol. 95(2), pages 73-97, February.
    16. Ricardo Hausmann & Tim O'Brien & Miguel Angel Santos & Ana Grisanti & Jorge Tapia, 2019. "Jordan: The Elements of a Growth Strategy," CID Working Papers 346, Center for International Development at Harvard University.
    17. Somil Nagpal & Susan Opper, 2013. "Kingdom of Bhutan Human Development Public Expenditure Review," World Bank Publications - Reports 26378, The World Bank Group.
    18. Thorsten Schulten & Torsten Müller, 2013. "Ein neuer europäischer Interventionismus? Die Auswirkungen des neuen Systems der europäischen Economic Governance auf Löhne und Tarifpolitik," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 39(3), pages 291-321.
    19. Abroskin A.S. (Аброскин, А.С.) & Abroskina N.A. (Аброскина, Н.А.), 2016. "Shadow Cross-Border Capital Flows: Contemporary Concepts, Principles and Information Base of Accounting and Measurement [Теневые Трансграничные Потоки Капитала: Современные Концепции, Принципы И Ин," Working Papers 2135, Russian Presidential Academy of National Economy and Public Administration.
    20. Mr. David J Hofman & Mr. Marcos d Chamon & Mr. Pragyan Deb & Mr. Thomas Harjes & Umang Rawat & Itaru Yamamoto, 2020. "Intervention Under Inflation Targeting--When Could It Make Sense?," IMF Working Papers 2020/009, International Monetary Fund.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:jcmkts:v:51:y:2013:i:6:p:1023-1039. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0021-9886 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.