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The German labour market reforms in a European context : a DSGE analysis
Fries, Claudia; Seymen, Atılım - 2013
frictions. Our results suggest that the disproportional growth of GDP (labour productivity) in comparison to consumption (wages …
Persistent link: https://www.econbiz.de/10010204043
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The German Labour Market Reforms in a European Context : A DSGE Analysis
Fries, Claudia - 2013
frictions. Our results suggest that the disproportional growth of GDP (labour productivity) in comparison to consumption (wages …
Persistent link: https://www.econbiz.de/10013072822
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Cost of Non-Europe in Development Policy
Klingebiel, Stephan; Morazan, Pedro; Negre, Mario - 2013
There is broad agreement among academics and practitioners that the benefits of increased EU coordination in the area of development cooperation would clearly outweigh the costs. The EU is indeed a coordination pioneer, having taken up a number of internal and external commitments. This...
Persistent link: https://www.econbiz.de/10014152135
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Past and Present of EMU Reform
Pekanov, Atanas - 2019
Euro area reform has been at the center of much needed discussions throughout recent years. The Euro area crisis has … Scheme. This policy brief summarizes the discussions and policy proposals for EMU reform of recent years. After intensive … debates, the necessary consensus was not found and no significant breakthrough on EMU reform has been achieved to reinforce …
Persistent link: https://www.econbiz.de/10012868178
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Germany's post-2000 stagnation in the European context - a lesson in macroeconomic mismanagement
Hein, Eckhard; Truger, Achim - 2006
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...
Persistent link: https://www.econbiz.de/10003744530
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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 and macroeconomic performance in the Euro area : lessons for the future
Hein, Eckhard; Truger, Achim - 2006
. Eine grundlegende Reform des Paktes ist daher überfällig. Das Working Paper analysiert die makroökonomischen Auswirkungen … einer solchen sinnvollen Reform des SWP solange begrenzt bleiben, wie das gegenwärtige makroökonomische Regime mit einer …
Persistent link: https://www.econbiz.de/10003744534
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The euro and its guardian of stability : the fiction and reality of the 10th anniversary blast
Bibow, Jörg - 2009
This paper investigates why Europe fared particularly poorly in the global economic crisis that began in August 2007. It questions the self-portrait of Europe as the victim of external shocks, pushed off track by reckless policies pursued elsewhere. It argues instead that Europe had not only...
Persistent link: https://www.econbiz.de/10003943124
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Austerity, cyclical adjustment and the remaining leeway for expansionary fiscal policies within the current EU fiscal framework
Truger, Achim - 2015
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/10010511177
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An investment initiative for fiscally constrained EU member states : the role of synergetic financial instruments
Zeilbeck, Severin - 2015
The economy of the European Union has not recovered from the impact of the economic and financial crisis. Growth rates remain low and investment activity is weak. This questions current economic policies of the Economic and Monetary Union, known as austerity. In opposition to fiscal contraction...
Persistent link: https://www.econbiz.de/10011380141