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Gemeinschaftsdiagnose im Frühjahr 2014

Author

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  • Oliver Holtemöller
  • Axel Lindner

Abstract

In 2014 and 2015 the German economy will, according to the joint economic forecast, be in an upswing that is mainly driven by strong internal demand. The institutes assess the risks coming from a possible slump of the Russian economy. Simulations with macroeconometric models show that Germany is more affected than other large economies in Europe such as France and Italy. The new minimum wage is a further risk for the German economy that it is difficult to assess. According to this forecast, the minimum wage will, when it comes into effect in 2015, mainly have an adverse effect on employment. Since in general only jobs with low productivity will be lost, the effect on production will be markedly smaller. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2014

Suggested Citation

  • Oliver Holtemöller & Axel Lindner, 2014. "Gemeinschaftsdiagnose im Frühjahr 2014," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 94(5), pages 352-355, May.
    • Handle: RePEc:spr:wirtsc:v:94:y:2014:i:5:p:352-355
    DOI: 10.1007/s10273-014-1678-6
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    Citations

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    Cited by:

    1. Pies, Ingo, 2014. "Die Gerechtigkeitsdebatte in Deutschland: Diskursversagen beim Mindestlohn," Discussion Papers 2014-18, Martin Luther University of Halle-Wittenberg, Chair of Economic Ethics.
    2. Pies, Ingo, 2014. "Der ordonomische Ansatz: Eine Illustration am Beispiel des Mindestlohns," Discussion Papers 2014-17, Martin Luther University of Halle-Wittenberg, Chair of Economic Ethics.

    More about this item

    Keywords

    C5; E2; J3;
    All these keywords.

    JEL classification:

    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs

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