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Fiscal policy and rebalancing in the Euro area : a critique of the German debt brake from a Post-Keynesian perspective
Hein, Eckhard; Truger, Achim - 2013
The German debt brake is often regarded as a great success story, and has therefore served as a role model for the Euro area and its fiscal compact. In this paper we fundamentally criticize the debt brake. We show that (1) it suffers from serious shortcomings, and its success is far from certain...
Persistent link: https://www.econbiz.de/10010187671
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Reducing economic imbalances in the euro area : some remarks on the current stability programs, 2011-14
Semieniuk, Gregor; Treeck, Till van; Truger, Achim - 2011
achieving economic stability in the European Monetary Union (EMU). In particular, we analyze how the SPs address the double … imbalances within the EMU as well as the deterioration of private financial balances in the current account deficit countries. By …
Persistent link: https://www.econbiz.de/10009349659