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All of the attempts to end the euro crisis and to return the Eurozone countries to healthy growth rates of income and …
Persistent link: https://www.econbiz.de/10012457804
The creation of the euro should now be recognized as an experiment that has led to the sovereign debt crisis in several … exist in most Eurozone countries. Although the European Central Bank managed the euro in a way that achieved a low rate of …The emergence of these problems just a dozen years after the start of the euro in 1999 was not an accident or the …
Persistent link: https://www.econbiz.de/10012461040
Persistent link: https://www.econbiz.de/10002349931
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The ageing of the population presents a major fiscal challenge for the countries of Europe. The combination of increased longevity and a reduced birth rate will directly reduce the growth rates of the European economies by slowing the growth of the capital stock and by weakening the productivity...
Persistent link: https://www.econbiz.de/10012465924
As a result of the Balassa effect relative prices change rapidly between and within the euro countries. Thus it is … no country face a deflation. This minimum aggeragate inflation rate is 0.94% in the euro-11 countries and 1.13% in an …
Persistent link: https://www.econbiz.de/10012470644
banks, because the Euro will have to be bought by these banks in exchange for assets which have been accumulated in the …
Persistent link: https://www.econbiz.de/10012472742
This paper advances the hypothesis that the EUS crisis was caused by German unification. The unification has implied a massive resource demand which parallels the US resource demand following Reagan's tax reforms in the eighties. The resource demand revised the German interest rates relative to...
Persistent link: https://www.econbiz.de/10012472989
Opening Europe's borders in 1993 makes the allocation of resources more vulnerable to differences in the national tax rates. The first part of the paper demonstrates that direct consumer purchases will imply distortions resulting from diverging VAT rates and it clarifies why the frequently cited...
Persistent link: https://www.econbiz.de/10012475789
While the ECB helped mitigate the euro crisis in the aftermath of Lehman, it has stretched its monetary mandate and …
Persistent link: https://www.econbiz.de/10012453105