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...

The European crisis in a global perspective -- The crisis of European integration and economic reason : orthodoxy versus heterodoxy / Magnus Ryner -- Linking a post-Keynesian approach to critical political economy : debt-driven growth, export-driven growth and the crisis in Europe / Engelbert...