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German policy during the Eurozone crisis supposedly follows an ordoliberal tradition. In this paper, we discuss to what … extent this contention holds and to what extent Germany pragmatically responded to different crisis phenomena. A proper … economic constitution for Europe in which several pillars supposedly aim at ensuring sound money in the Eurozone. The policies …
Persistent link: https://www.econbiz.de/10011280050
German policy during the Eurozone crisis supposedly follows an ordoliberal tradition. In this paper, we discuss to what … extent this contention holds and to what extent Germany pragmatically responded to different crisis phenomena. A proper … economic constitution for Europe in which several pillars supposedly aim at ensuring sound money in the Eurozone. The policies …
Persistent link: https://www.econbiz.de/10010528303
The current Covid-19 Crisis 2020 has hit the Eurozone in a highly fragile situation, with a weak and asymmetric … recovery from the Great Financial Crisis, the Great Recession and the following Eurozone Crisis. These crises have also … revealed the weaknesses of the macroeconomic policy institutions and strategies of the Eurozone based on New Consensus …
Persistent link: https://www.econbiz.de/10012239654
As the coronavirus pandemic spread across the globe in early 2020, the European Central Bank as well as national … on the financial markets in the short term. With the exception of the announcement of Germany’s Economic Stabilization … Fund, the fiscal rescue packages of other national governments and the EU did not lower government bond yields. In contrast …
Persistent link: https://www.econbiz.de/10012231998
This paper describes the institutional flaws that led to the euro crisis, assesses the institutional reforms that were put in place during and in the aftermath of the crisis, and evaluates the remaining fragilities of the architecture of the European monetary union. In mid-2017, growth in the...
Persistent link: https://www.econbiz.de/10011723767
deflation in the largest economy of the Euro area, Germany, it is therefore required that the ECB raises its inflation target … Euroraum in den Mittelpunkt stellt. Die Arbeit konzentriert sich dann insbesondere auf die Determinanten der Geldpolitik, weil … Deflation im größten Mitgliedsland, Deutschland, zu reduzieren, ist daher erforderlich, dass die EZB ihr Inflationsziel anhebt …
Persistent link: https://www.econbiz.de/10003744533
Seit dem Begin der Europäischen Währungsunion (EWU) steht die Finanzpolitik in den Staaten des Euroraums ganz im … der Finanzpolitik für den Zeitraum von 2001 bis 2005 im Euroraum und seinen einzelnen Mitgliedsstaaten und vergleicht sie … mit denen der Finanzpolitik in den USA. Während die US-Finanzpolitik aktiv anti-zyklisch dem Abschwung entgegengewirkt hat …
Persistent link: https://www.econbiz.de/10003744534
Persistent link: https://www.econbiz.de/10013257302
The economic crisis triggered by the COVID–19 pandemic once again raises doubts about the eurozone's ability to deal …
Persistent link: https://www.econbiz.de/10012664767
This policy brief warns about the risks of discontinuing the policy responses to the COVID-19 crisis by pursuing exit strategies too early and/or too sharply. It outlines a comprehensive strategy for limiting such risks globally and offers an in-depth discussion of the European situation. Due to...
Persistent link: https://www.econbiz.de/10013262973