Marterbauer, Markus; Walterskirchen, Ewald - 2006
The stagnation of the economy in the Euro area since 2000 is closely connected to the dominance of purely long …-run supply-side oriented policies in the Euro area. While exports and profits soared, domestic demand has been weak. The neglect … the Brussels/Paris (European Commission–OECD) consensus on growth policy. Monetary policy in the Euro area is only …