Belke, Ansgar; Gros, Daniel - 2020
There is a symmetrical debate in two Euro area core countries: in France about the restrictive fiscal policy of Germany … competitiveness yield very different results depending on the base period used, e.g. 1995 (peak of reunification boom), 1999 or 1990 …. A comparison with the preunification period shows little gain in competitiveness. We also find, somewhat surprisingly …