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In the present paper we question the mainstream diagnosis of Germany's post-2000 stagnation as well as the prescribed remedies. We show that the "institutional sclerosis" view of Germany's stagnation is unfounded and that therefore the political measures proposed and actually taken are...
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Bundesrepublik Deutschland empirisch bestimmt. Die Verbrauchsausgaben erweisen sich als konjunkturstabilisierende Kraft, während die … employment is analyzed by a reinterpretation of the Phillips curve. It is shown that the inverse link between the inflation rate …
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find a high degree of downward nominal wage rigidity, which for rates of inflation lower than three percent is shown to …
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