Showing 1 - 10 of 56
Persistent link: https://www.econbiz.de/10000592012
The paper fundamentally challenges the institutional sclerosis explanation of the present German economic stagnation. Instead we present a macroeconomic explanation focusing on the combined effects of too restrictive monetary policies, too restrictive and sometimes pro-cyclical fiscal policies...
Persistent link: https://www.econbiz.de/10003744520
Persistent link: https://www.econbiz.de/10003868186
Persistent link: https://www.econbiz.de/10003466459
Persistent link: https://www.econbiz.de/10003467551
Over the last thirty years or so the developments in the area of monetary and macroeconomic policies have been quite substantial. Within the new consensus macroeconomics (NCM), monetary policy is upgraded while fiscal policy is downgraded. This new monetary policy has been the main instrument of...
Persistent link: https://www.econbiz.de/10003377383
Persistent link: https://www.econbiz.de/10003431971
Persistent link: https://www.econbiz.de/10003527980
Persistent link: https://www.econbiz.de/10009310054
Persistent link: https://www.econbiz.de/10010514060