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Having the high unemployment in Germany in mind, this book discusses how macroeconomic theory has evolved over the past …
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recessionary effects, notably when it comes to investment, and triggers a persistent rise in unemployment and in the real interest …
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government is low unemployment. However, there is a short-run trade-off between low inflation and low unemployment. Here the main …
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This book examines existing problems in the European economy, focusing on labour markets, including labour market reform and outsourcing, as well as macroeconomic issues, such as macroeconomic stabilization in the Euro area and convergence and divergence in economic growth in the EU.
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