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Based on a post-Keynesian model of the relationship between wages, prices and employment, this paper begins by studying the extent to which unit labour cost trends have been responsible for disinflation and deflationary tendencies in Germany and Europe. Thereafter, the reasons for the...
Persistent link: https://www.econbiz.de/10010296098
It is generally held, from both a global and a European perspective, that the three most impor-tant objectives for the years to come are 1) the reduction of current account imbalances, 2) the reduction of public deficits, and 3) the reduction of unemployment. This paper argues that the Stability...
Persistent link: https://www.econbiz.de/10010460487
Das Paper widerspricht der gängigen Erklärung der Stagnation in Deutschland als Folge institutioneller Verkrustungen … Deutschland seit Mitte der 1990er Jahre konzentriert. Diese Sichtweise deckt sich mit der modernen Makroökonomie und wird durch … empirische Daten gestützt. Die Autoren vertreten daher die Auffassung, dass Deutschland kurzfristig dringend eine expansivere …
Persistent link: https://www.econbiz.de/10003744520
Persistent link: https://www.econbiz.de/10009010603
Analyse basiert im Wesentlichen auf einigen einfachen Identitätsgleichungen, und besonderes Augenmerk liegt auf Deutschland …
Persistent link: https://www.econbiz.de/10009305424
Currently fiscal policies in Germany seem to be in a very comfortable position and the German Debt Brake is regarded as an institutional precondition for this success and has been exported to the Euro area in the guise of the Fiscal Compact. In this paper we scrutinize German fiscal policies and...
Persistent link: https://www.econbiz.de/10009756271
The Euro area is currently going through its worst period of recession and economic stagnation since the Great Depression and World War II. The article tries to give an impression of the extraordinary degree of fiscal austerity and the devastating economic effects it has already had and must be...
Persistent link: https://www.econbiz.de/10009756285
Persistent link: https://www.econbiz.de/10010199535
Persistent link: https://www.econbiz.de/10010341411
The proposed Transatlantic Trade and Investment Partnership (TTIP) between the European Union and the United States of America would be the largest preferential trade agreement in the world. Encompassing almost half of world GDP, it will have strong economic effects on Germany. In this paper, we...
Persistent link: https://www.econbiz.de/10010469280