-member countries to the European growth and employment problems. These guidelines have been the major EU-economic policy concept for … 1990s. However, this concept has not been able to generate sustained growth and low unemployment in the EU as a whole … promises more growth and employment for Europe in the long run. …

In order to explain slow growth and high unemployment in the Euro area, in particular if compared to the USA, we follow …) seems to be the major obstacle to higher growth and employment. Analysing the macroeconomic policy mix, wage policies and … little attention to the development of real variables. In order to improve growth and employment and to limit the risks of …

Growth Pact (SGP). Quite obviously the SGP has been unsuccessful in fulfilling its goals, fiscal sustainability and … supporting economic growth. More and more countries have exceeded the 3 percent of GDP limit for the budget deficit, while at the …

In order to explain slow growth and high unemployment in the Euro area, in particular if compared to the USA, we follow …) seems to be the major obstacle to higher growth and employment. Analysing the macroeconomic policy mix, wage policies and … little attention to the development of real variables. In order to improve growth and employment and to limit the risks of …

-)Keynesian analysis is presented as a growth and employment-oriented alternative to this restrictive policy mix. Contrary to the strict … alternative requires the coordination of monetary, fiscal and wage policies in order to achieve growth, high employment and price …

concept of money and their satisfaction may be largely endogenous to shifts in the economic policy regime. Growth and …, in this paper the effects of the new EMU institutional framework for monetary, fiscal and wage policies on overall growth … has neither been conducive to aggregate growth nor to real convergence across the euro area. In order to improve growth …

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 growth in the EU. Examining the guidelines we show the weaknesses of … the economic policy model behind it and outline an alternative concept which promises more growth for Europe in the long …