The End of the Years of Plenty? American and German Responses to the Economic Crisis

Policy Report 49 analyzes the policy responses of Germany and the United States to the continued economic and financial unrest. The authors examine the origins of Germany’s economic policy and order as well as the current role Germany is playing in the European economy. They also analyze implications for European integration, security issues, and the transatlantic partnership.They argue that because the Great Recession had different economic effects in Germany and the U.S., policymakers’ responses differed as well.  But, once the economic circumstances converge, economic policy in Germany and the U.S. will also become similar again.

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The views expressed are those of the author(s) alone. They do not necessarily reflect the views of the American Institute for Contemporary German Studies.
Jacob Kirkegaard

Jacob Kirkegaard

Peterson Institute for International Economics

Jacob Kirkegaard is a Senior Fellow at the Peterson Institute for International Economics.

Tim Stuchtey

Brandenburg Institute for Society and Security

Dr. Tim H. Stuchtey is the managing director of the Brandenburgisches Institut für Gesellschaft und Sicherheit (BIGS), a homeland security think-tank based in Potsdam, Germany. He is also a Non-Resident Fellow at AICGS and has served as Director of the Business & Economics Program. He works on various issues concerning economic policy, the economy of security, the classic German ‘Ordnungspolitik,’ and the economics of higher education.

Dr. Stuchtey studied economics with a major in international trade and international management and graduated in 1995 from the Westfälische Wilhelms-Universität in Münster. In 2001 he earned a Ph.D. from the Technische Universität Berlin in economics, which he obtained for his work in public finance and higher education policy. He worked as an economist for the German Employers Association and as a university administrator both at Technische and Humboldt-Universität Berlin. He was also the managing director for the Humboldt Institution on Transatlantic Issues, a Berlin-based think tank affiliated with Humboldt-Universität.

He has published a number of articles, working papers, and books on higher education governance and finance and on other questions of the so-called ‘Ordnungspolitik.’ He is a frequent contributor to the AICGS Advisor, writing mainly about the financial crisis, the global recession, and the political attempts to return to a stable growth path.