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The renaissance of ordoliberalism in the 1970s and 1980s
Krieger, Tim; Nientiedt, Daniel - 2023
, emerged in 1930s and 1940s Germany. In the years thereafter, it was quickly superseded by Keynesianism and other theories …
Persistent link: https://www.econbiz.de/10014304519
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Ordoliberalism, pragmatism and the Eurozone crisis : how the German tradition shaped economic policy in Europe
Feld, Lars P.; Köhler, Ekkehard A.; Nientiedt, Daniel - 2015 - This version: May 18, 2015
extent this contention holds and to what extent Germany pragmatically responded to different crisis phenomena. A proper …
Persistent link: https://www.econbiz.de/10010528303
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Monetary policy crisis management as a threat to economic order
Freytag, Andreas; Schnabl, Gunther - 2017
order of Germany. It is argued that in post-war Europe the German social market economy as designed by Eucken (1952) and … Müller-Armack (1966) has been a core element of growth, welfare, social cohesion and political stability in Germany and …) growth and welfare in Germany and Europe. As the outcome is crumbling social cohesion and growing political instability, a …
Persistent link: https://www.econbiz.de/10011611212
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Trends and patterns of growth, development, achievements of China and India : a comparative analysis
Bhattacharyay, Biswanath; Bhattacharyay, Madhurima - 2016
Even before the onset of the 2008 global financial crisis and ongoing European debt crisis, much attention has been given to the re-emergence of the Asian giants, the People's Republic of China (PRC) and India. Both countries have attained unprecedented growth and economic development-PRC and...
Persistent link: https://www.econbiz.de/10011444894
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Modi's "Make in India" industrial reform policy and East Asian flying-geese paradigm
Nam, Chang-woon; Nam, Sumin; Steinhoff, Peter - 2017
The on-going "Make in India" campaign aims at manufacturing revival. Its characteristics resemble East Asian industrial reform and growth policies based on the flying-geese model which highlights "step-by-step" changes in a country's specialisation pattern and global competitiveness accompanied...
Persistent link: https://www.econbiz.de/10011646272
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Current account imbalances and structural adjustment in the Euro area : how to rebalance competitiveness
Zemanek, Holger; Belke, Ansgar; Schnabl, Gunther - 2009
Low international competitiveness of a set of euro area countries, which have become evident by large current account deficits and rising risk premiums on government bonds, is one of the most challenging economic policy issues for Europe. We analyse the role of private restructuring and public...
Persistent link: https://www.econbiz.de/10003850175
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EMU enlargement, policy uncertainty and economic reforms
Hefeker, Carsten (contributor) - 2006
Persistent link: https://www.econbiz.de/10003364637
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Structural reforms and the enlargement of monetary union
Hefeker, Carsten - 2000
The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural refoms in the (low distortion) member countries and the (high distortion) candidate country. While monetary union lowers reforms in the candidate country, members of the monetary...
Persistent link: https://www.econbiz.de/10009781545
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What should fiscal councils do?
Calmfors, Lars; Wren-Lewis, Simon - 2011
The paper analyses theoretically what role fiscal councils could play and surveys empirically the activities of existing councils. Case studies of the Swedish Fiscal Policy Council and the UK Office for Budget Responsibility are done. It is concluded that fiscal councils should be advisory,...
Persistent link: https://www.econbiz.de/10009011182
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The macroeconomic policy challenges of balance sheet recession : lessons from Japan for the European crisis
Schnabl, Gunther - 2013
The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the characteristics of the crises, and the (potential) effects of the crisis therapies. As in Japan the consequence of expansionary monetary and fiscal policies is the hysteresis of...
Persistent link: https://www.econbiz.de/10009743745