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The Broad Economic Policy Guidelines contain the answers of the European Commission and the governments of the EU-member countries to the European growth and employment problems. These guidelines have been the major EU-economic policy concept for around ten years now. They can be seen as a...
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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...
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The paper questions the predominant view on unemployment and wages in the European Union according to which high unemployment is primarily caused by labour market rigidities, i.e. social institutions and regulations which prevent ?market-clearing? real wage levels and structures. It is shown...
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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...
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. Andererseits übt die damit verbundene restriktive Fiskal- und Lohnpolitik deflationären Druck auf den größten Teil des Euroraumes … Reaktionen zur Krise einzugehen. Da die vorgeschriebene Steuer- und Lohnpolitik noch durch den theoretischen Rahmen der New … keynesianischen und Post-keynesianischen Prinzipien beruht. Es wird gezeigt, dass die Stabilisierung der Lohnpolitik und aktiven …
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