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Does Germany Benefit from the Monetary Union?

Author

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  • Tim Oliver Berg
  • Kai Carstensen

Abstract

In a recently published study commissioned by the Bertelsmann Foundation, researchers at Prognos AG came to the conclusion that Germany has significant advantages from the euro. To show this, the authors forecasted the development of Germany’s gross domestic product for the years 2013 to 2025 with Germany remaining in the Monetary Union and under the hypothetical scenario of a reintroduction of the Deutschmark in 2013. They reach the conclusion that with a return to a national currency, GDP would expand more slowly: at around 0.5 percentage points less than would be the case with retaining the euro. This article takes a critical look at the assumptions and the results of the study.

Suggested Citation

  • Tim Oliver Berg & Kai Carstensen, 2013. "Does Germany Benefit from the Monetary Union?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 66(10), pages 50-54, May.
    • Handle: RePEc:ces:ifosdt:v:66:y:2013:i:10:p:50-54
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    Cited by:

    1. Michael Böhmer & Thieß Petersen, 2013. "The Advantages of Monetary Union for Germany: Response to Contributions by Ulrich van Suntum, Tim Oliver Berg and Kai Carstensen in ifo Schnelldienst 10/2013," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 66(14), pages 25-29, July.

    More about this item

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • F47 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Forecasting and Simulation: Models and Applications
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • G01 - Financial Economics - - General - - - Financial Crises

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