Busl, Claudia; Seymen, Atılım - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013
While a widespread consensus exists among macroeconomists that the German labour market reforms in 2003-2005 have … successfully contributed to the decline of the unemployment rate, critics claim that the reforms led to wage restraint and …) are only partially driven by the reforms. However, we do not find that the reforms contribute to Germany's trade surplus …