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Austerity in the euro area : the sad state of economic policy in Germany and the EU

Truger, Achim - In: European journal of economics and economic policies : … 10 (2013) 2, pp. 158-174

Persistent link: https://www.econbiz.de/10010199535

Austerity in the Euro area : the sad state of economic policy in Germany and the EU

Truger, Achim - 2013

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

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

Demystifying a 'shining example' : German public finances under the debt break

Eicker-Wolf, Kai; Truger, Achim - 2014

German fiscal policy is nowadays often presented as a shining example due to successful budget consolidation after the Great Recession. However, the idea that the German success is the result of a well-thought-out economic strategy that could therefore serve as a role model for other countries...

Persistent link: https://www.econbiz.de/10010348931

Austerity, cyclical adjustment and the remaining leeway for expansionary fiscal policies in the Euro area

Truger, Achim - 2014

Fiscal policy in the Euro area is still dominated by austerity measures implemented under the institutional setting of the 'reformed' stability and growth pact, and the even stricter 'fiscal compact'. At the same time, calls for a more expansionary fiscal policy to overcome the economic crisis...

Persistent link: https://www.econbiz.de/10010424293

The golden rule of public investment : a necessary and sufficient reform of the EU fiscal framework?

Truger, Achim - 2016

Dass die Fiskalpolitik innerhalb der europäischen Wirtschaftspolitik einer Aufwertung bedarf, ist angesichts der … Finanzpolitik insgesamt größere Spielräume einräumen und die öffentlichen Investitionen als besonders wachstumsrelevante öffentliche …

Persistent link: https://www.econbiz.de/10011477456

The reform of the European Union's fiscal governance framework in a new macroeconomic environment

Alloza, Mario; Andrés, Javier; Burriel, Pablo; … - 2021

Persistent link: https://www.econbiz.de/10012665373

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