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Is Germany’s Industrial Slowdown About to Spiral?

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Manage episode 466765421 series 3304320
Content provided by Klaus Adam & Dirk Schumacher, Klaus Adam, and Dirk Schumacher. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Klaus Adam & Dirk Schumacher, Klaus Adam, and Dirk Schumacher or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Germany's industrial powerhouse has long been the backbone of Europe’s economy. But after years of steady growth, manufacturing activity has been on a downward trajectory since 2018. Could this decline suddenly accelerate due to "cluster effects" and local economies of scale unraveling?

In this episode, we dive into the forces shaping Germany’s industrial slowdown and explore whether policy interventions could halt or even reverse the trend. We ask how insights from economic theory help us make sense of these cascading risks.

Join us as we discuss these pressing questions, drawing also on the academic work by David Baqaee, whose paper "Cascading Failures in Production Networks" (Econometrica, 2018) sheds light on how production networks can amplify economic shocks.

  continue reading

100 episodes

Artwork
iconShare
 
Manage episode 466765421 series 3304320
Content provided by Klaus Adam & Dirk Schumacher, Klaus Adam, and Dirk Schumacher. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Klaus Adam & Dirk Schumacher, Klaus Adam, and Dirk Schumacher or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Germany's industrial powerhouse has long been the backbone of Europe’s economy. But after years of steady growth, manufacturing activity has been on a downward trajectory since 2018. Could this decline suddenly accelerate due to "cluster effects" and local economies of scale unraveling?

In this episode, we dive into the forces shaping Germany’s industrial slowdown and explore whether policy interventions could halt or even reverse the trend. We ask how insights from economic theory help us make sense of these cascading risks.

Join us as we discuss these pressing questions, drawing also on the academic work by David Baqaee, whose paper "Cascading Failures in Production Networks" (Econometrica, 2018) sheds light on how production networks can amplify economic shocks.

  continue reading

100 episodes

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