Heine, Michael; Herr, Hansjörg - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 101 (2021) 5, pp. 369-375
and fiscal policy is necessary to fend off such large crises. Insufficient wage increases that lead to deflation need to … policies. There is the danger that policy mistakes will lead to long-term stagnation in the EMU or possibly even a great … recession. …