employment and growth cannot unambiguously be derived from modern labour market theory and are at least partially at odds with …

-member countries to the European growth and employment problems. These guidelines have been the major EU-economic policy concept for … 1990s. However, this concept has not been able to generate sustained growth and low unemployment in the EU as a whole … promises more growth and employment for Europe in the long run. …

for nominal wage growth in Germany according to the sum of long run national productivity growth and the ECB’s inflation …

concept of money and their satisfaction may be largely endogenous to shifts in the economic policy regime. Growth and …, in this paper the effects of the new EMU institutional framework for monetary, fiscal and wage policies on overall growth … has neither been conducive to aggregate growth nor to real convergence across the euro area. In order to improve growth …

The bank-based financial systems of Germany and Japan were considered most conducive to growth in the 1980s. After the …-American financial systems are a prerequisite for a dynamic economic development has gained ground. However, critics have stressed … recently that the strong orientation towards 'share-holder value' comes at the expense of long-term growth. This has induced …

an “anti-growth-bias” of the ECB. Therefore, the Euro area was plagued with nominal wage restraint, high unemployment and …

growth and employment problems in the EU. These guidelines have been the EU-economic policy concept for ten years now, but … this concept has not been able to generate sustained growth in the EU. Examining the guidelines we show the weaknesses of … the economic policy model behind it and outline an alternative concept which promises more growth for Europe in the long …

towards distribution and growth. …

, growth, instability and crises. We take a macroeconomic perspective and examine four channels of transmission of …