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Macroeconomic co-ordination as an economic policy concept - opportunities and obstacles in the EMU

Hein, Eckhard; Truger, Achim - EconWPA - 2004

This paper traces the euro zone’s inadequate macroeconomic performance in recent years back to the predominance of a restrictive macroeconomic policy mix based on a ‘new monetarist’ approach to economic policy. An approach based on a (post-)Keynesian analysis is presented as a growth and...

Persistent link: https://www.econbiz.de/10005126124

Guidelines for sustained growth in the EU? The concept and consequences of the Broad Economic Policy Guidelines

Hein, Eckhard; Niechoj, Torsten - EconWPA - 2005

The Broad Economic Policy Guidelines contain the answers of the European Commission and the governments of the EU-member countries to the European growth and employment problems. These guidelines have been the major EU-economic policy concept for around ten years now. They can be seen as a...

Persistent link: https://www.econbiz.de/10005126214

Macroeconomic co-ordination as an economic policy concept – opportunities and obstacles in the EMU

Hein, Eckhard; Truger, Achim - EconWPA - 2004

Persistent link: https://www.econbiz.de/10005412745

Leitlinien für ein dauerhaftes Wachstum in der EU? Konzept und Wirkung der Grundzüge der Wirtschaftspolitik

Hein, Eckhard; Niechoj, Torsten - EconWPA - 2005

The Broad Economic Policy Guidelines contain the answers of the European Com-mission and the EU-governments to the growth and employment problems in the EU. These guidelines have been the EU-economic policy concept for ten years now, but this concept has not been able to generate sustained...

Persistent link: https://www.econbiz.de/10005561155

Rates of Return to Schooling in China

Chow, Gregory C. - EconWPA - 2003

This study uses data from a 1988 survey of Chinese individuals to estimate rates of return to schooling in China. The Mincer-type rate of return to schooling was estimated at 4.02 percent in rural areas and 3.29 percent in urban areas; these are fairly low estimates compared with similar...

Persistent link: https://www.econbiz.de/10005125753

Money, Interest, and Capital Accumulation in Karl Marx’s

Hein, Eckhard - EconWPA - 2005

. Money as a social representative of value, therefore, is introduced at the very beginning of Marx’s microeconomics. Marx …’s rejection of Ricardo’s interpretation of Say’s Law requires that money as a means of circulation and as a means of payment is … realisation of profits for the capitalist class as a whole requires money advances, which have to increase by means of rising …

Persistent link: https://www.econbiz.de/10005076655

How the Basic RBC Model Fails to Explain US Time Series

Chow, Gregory C. - EconWPA - 2003

Persistent link: https://www.econbiz.de/10005126153

China's Economic Policy in the Context of the Asian Finanacial Crisis

Chow, Gregory C. - EconWPA - 2003

This paper is based closely on the author's Y. C. Jao lecture presented to the Hong Kong Economic Association in November 1998.

Persistent link: https://www.econbiz.de/10005126253

Monetary Policy and Wage Bargaining in the EMU: Restrictive ECB Policies, High Unemployment, Nominal Wage Restraint and Rising Inflation

Hein, Eckhard - EconWPA - 2005

(EMU), in the first step a Post-Keynesian competitive claims model of inflation with endogenous money is developed. In this …

Persistent link: https://www.econbiz.de/10005412586