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This paper investigates the causes of western Germany's remarkably poor performance since 1992. The paper challenges … sustainability and Germany's fiscal and monetary policies are assessed both in the light of economic theory and in comparison to the … best practices of other more successful countries. The analysis concludes that Germany?s dismal record of the nineties must …
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Most studies on the relationship between public debt and economic growth implicity assume homegenous debt effects across their samples. We - in accordance with recent literature - challenge this view and state that there likely is a great deal of cross-country heterogeneity in that relationship....
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Most studies on the relationship between public debt and economic growth implicitly assume homogeneous debt effects across their samples. We - in accordance with recent literature - challenge this view and state that there likely is a great deal of cross-country heterogeneity in that...
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Modern Money Theory (MMT) has generated considerable scrutiny and discussions over the past decade. While it has gained some acceptance in the financial sector and among some politicians, it has come under strong criticisms from all sides of the academic spectrum and from conservative political...
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