Persistently high unemployment rates in Germany have led to a long-running controversy on the causes of the … unemployment problem. This paper aims to re­view the contribution of Keynesian and monetarist theories to this controversy and … explores empirically their implications for the explanation of high un­em­ploy­ment in Germany using a structural vector …

in their opposition to the interventionist "full employment" teachings of their English colleague John Maynard Keynes. An … article by Röpke on Keynes in the Swiss newspaper Neue Zürcher Zeitung (NZZ) published in 1946 however met with "fundamental … friends was Keynes's famous earlier critique of the Versailles Peace Treaty, and the lessons to be drawn for the post-WW II …