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This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the social and political costs of a GREXIT, but also of a continuing austerity policy. It proposes a reform policy fostering growth in Greece and discusses the role of conditionality....
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This paper estimates a medium-scale open economy DSGE model for Germany and the rest of the Euro Area (REA). The parameter estimates indicate that there is a modest degree of structural heterogeneity between Germany and the rest of the Euro Area. In particular, (i) the private sector in Germany...
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–import gap that became a problem for other eurozone economies. This Discussion Paper shows why the present asymmetric euro regime … respond to demands that would bring the performance of the German economy closer to eurozone averages. Instead, it is more …
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Der Wiener Professor (zuletzt "Mikroökonomik" ID 41/96) kann laienverständlich schreiben und präsentiert hier in straffer Gliederung Fragen und Antworten, wobei er auf die Auswirkungen des Euro in Deutschland und Österreich eingeht. Er setzt aber doch mehr volkswirtschaftliche Kenntnisse...
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