Patrick Kaczmarczyk

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    A sputtering car goes into reverse: The German recession and its consequences

A sputtering car goes into reverse: The German recession and its consequences

Heiner Flassbeck and Patrick Kaczmarczyk write that amidst global political and economic fragility, the downturn in the Germany economy adds to the uncertainty in a world that, as Paul Krugman put it, has a “Germany problem”. It not only raises questions and doubts over the future of the largest European economy but, more importantly, over the future of the […]

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Germany’s non-rebalancing of its mercantilist model

In a recent blog article, Donato Di Carlo argued that Germany has ‘quietly rebalanced’ its economy since the Eurozone crisis began. Patrick Kaczmarczyk presents a different take on the topic, writing that when German policy is viewed from a more long-term perspective, there has been little in the way of meaningful rebalancing. He states that without necessary adjustments being […]

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