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The paper questions the predominant view on unemployment and wages in the European Union according to which high … labour union bargaining power and changing collective bargaining strategies have contributed to this result. It is therefore …
Persistent link: https://www.econbiz.de/10002244678
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In the present paper we question the mainstream diagnosis of Germany's post-2000 stagnation as well as the prescribed remedies. We show that the "institutional sclerosis" view of Germany's stagnation is unfounded and that therefore the political measures proposed and actually taken are...
Persistent link: https://www.econbiz.de/10003744530
macroeconomic perspective. We start by reiterating the requirements for fiscal policies of member countries in a currency union like …
Persistent link: https://www.econbiz.de/10009756271
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-Keynesian perspective, it completely neglects the requirements for fiscal policies of member-countries in a currency union and will prevent … member-countries in a currency union and will prevent fiscal policy from contributing to the necessary rebalancing in the …
Persistent link: https://www.econbiz.de/10013074699
In this paper, we discuss the relationship between the current account rebalancing in the Eurozone, income distribution and wage policies with a focus on the main surplus economy, Germany. We will illustrate how and to which extent German wage policies could be able to contribute to a more...
Persistent link: https://www.econbiz.de/10012930613
-Keynesian perspective, it completely neglects the requirements for fiscal policies of member-countries in a currency union and will prevent …
Persistent link: https://www.econbiz.de/10010187671