Schatz, Klaus-Werner; Scheide, Joachim; Trapp, Peter - 1988
performance of Western European countries in terms of real GNP growth has been weaker than in previous decades, and unemployment … with conditions in the United States and Japan. If the growth of potential output is to be increased, the rentability of … stimulation will not induce faster growth and more employment. In the past 25 years, the acceptance of more inflation has not led …