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Reforming EU Fiscal Rules: More Leeway, Investment Orientation and Democratic Coordination

Truger, Achim - In: Intereconomics 55 (2020) 5, pp. 277-281

Following the COVID-19 outbreak in Europe this spring and subsequent measures to contain the pandemic, the European Commission drastically revised its economic and fiscal forecasts. The Summer 2020 Economic Forecast projects that the euro area economy will contract by 8.7% in 2020. The...

Persistent link: https://www.econbiz.de/10012488223

The European Financial and Economic Crisis: Alternative Solutions from a (Post-) Keynesian Perspective

Hein, Eckhard; Truger, Achim; van Treeck, Till - 2011

The financial and economic crisis in the Euro area has revealed a number of important flaws in the economic policy framework in Europe. On the one hand, the imbalances, which have dominated European development since the introduction of the euro, are not sustainable; and this is more serious in a...

Persistent link: https://www.econbiz.de/10010460503

The German 'debt brake': A shining example for European fiscal policy?

Truger, Achim; Will, Henner - 2012

Many observers consider the German 'debt brake' beyond criticism. In the current crisis, many European countries have difficulties refinancing their budgets, while the German treasury's funding conditions are most favourable. The 'fiscal compact's' call for the introduction of German-style 'debt...

Persistent link: https://www.econbiz.de/10010310935

Finanzpolitik - internationale Perspektiven

Hein, Eckhard; Heise, Arne; Truger, Achim - In: Intervention : european journal of economics and … 1 (2004) 2, pp. 57-59

Persistent link: https://www.econbiz.de/10002443889

Monetary policy, macroeconomic policy mix and economic performance in the Euro area

Hein, Eckhard; Truger, Achim - 2006

In order to explain slow growth and high unemployment in the Euro area, in particular if compared to the USA, we follow a macroeconomic policy view focussing on the more restrictive stance of monetary, fiscal and wage policies in the Euro area. In the present paper we focus on the particular...

Persistent link: https://www.econbiz.de/10003744533

Fiscal policy and macroeconomic performance in the Euro area : lessons for the future

Hein, Eckhard; Truger, Achim - 2006

Seit dem Begin der Europäischen Währungsunion (EWU) steht die Finanzpolitik in den Staaten des Euroraums ganz im … der Finanzpolitik für den Zeitraum von 2001 bis 2005 im Euroraum und seinen einzelnen Mitgliedsstaaten und vergleicht sie … mit denen der Finanzpolitik in den USA. Während die US-Finanzpolitik aktiv anti-zyklisch dem Abschwung entgegengewirkt hat …

Persistent link: https://www.econbiz.de/10003744534

Fiscal policy in the macroeconomic policy mix : a critique of the new consensus model and a comparison of macroeconomic policies in France, Germany, the UK and Sweden from a post-K...

Hein, Eckhard; Truger, Achim - 2008

von Löhnen und der Lohnpolitik und wegen seiner kompletten Vernachlässigung der stabilisierenden Rolle der Finanzpolitik …. Aus Post-Keynesianischer Sicht wird gezeigt, dass die Finanzpolitik eine wichtige Rolle für die makroökonomische … Entwicklung spielt, wenngleich immer auch der gesamte makroökonomische Politik-Mix aus Geld-, Lohn- und Finanzpolitik sowie die …

Persistent link: https://www.econbiz.de/10003744540

A different view of Germany's stagnation

Hein, Eckhard; Truger, Achim - In: Challenge 48 (2005) 6, pp. 64-94

Persistent link: https://www.econbiz.de/10003246947

Fiscal policy and macroeconomic performance in the Euro Area : lessons for the future

Hein, Eckhard; Truger, Achim - In: Euroland and the world economy : global player or …, (pp. 154-183). 2007

Persistent link: https://www.econbiz.de/10003602797

Fiscal Policy and Rebalancing in the Euro Area : A Critique of the German Debt Brake from a Post-Keynesian Perspective

Hein, Eckhard - 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/10013074699