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In the current slowdown in Europe, the United States and Japan, policy makers are vexed by the question when a recovery will come. This is the wrong question. The issue should be how a higher growth path can be reached in the long run, i.e., how the potential growth rate of our economies can be...
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considerably. The budget deficit in Portugal and also in Germany will probably exceed 3 percent of GDP this year; in Italy and … the decision whether an excessive deficit exists. One cannot exclude that Italy and France have an interest to block such …
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In the Kiel Discussion Paper 383, Horst Siebert puts up for discussion some considerations on how to reach a higher growth path in the European Union. The paper was prepared for the first meeting of the Group of Economic Analysis of the European Commission of which Horst Siebert is a member.¤...
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