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Germany's poor economic performance in the last decade : its̕ the macroeconomy, not institutional sclerosis/ Achim Truger
Truger, Achim (contributor) - 2003
This paper challenges the institutional sclerosis explanation of the German crisis according to which rigid labour markets and generous welfare state institutions have driven Germany into its position as Europeś sick man. In general, the explanation is not convincing, because the underlying...
Persistent link: https://www.econbiz.de/10002177766
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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
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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
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Financial crisis, global recession and macroeconomic policy reactions : the case of Germany
Hein, Eckhard; Truger, Achim - In: The world economy in crisis - the return of Keynesianism?, (pp. 191-220). 2010
Persistent link: https://www.econbiz.de/10008822768
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Die deutsche Wachstums- und Beschäftigungskrise von 2001 bis 2005 im europäischen Kontext : ein Lehrstück makroökonomischen Missmanagements
Hein, Eckhard; Truger, Achim - In: Ende der Stagnation? Wirtschaftspolitische Perspektiven …, (pp. 43-63). 2007
Persistent link: https://www.econbiz.de/10003680583
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Implementing the golden rule for public investment in Europe : safeguarding public investment and supporting the recovery
Truger, Achim - 2015
Most parts of the Euro area have seen seven years of deep economic crisis. The strategy of tightening the fiscal constraints of the SGP has driven many member states into austerity. In contrast, the golden rule of public investment proposed in this study would be one important element of the...
Persistent link: https://www.econbiz.de/10011336549
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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
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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
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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