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Sparpolitiken sollten Europa aus der Finanzkrise retten, haben aber die Schulden erhöht, ohne Wachstum zu erreichen …
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To carry out the analysis required for monetary policy, the European Central Bank (ECB) and the European System of Central Banks (ESCB) need comprehensive and reliable government finance statistics. The focus of government finance statistics has traditionally been the government as a whole...
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Fiscal rules are institutional constraints on budget policymakers’ decision-making discretion aimed at fostering prudent fiscal policy, promoting overall fiscal discipline, and ensuring long-term fiscal sustainability. Since the European sovereign debt crisis, fiscal rules have been at the...
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This paper investigates Germany's vulnerability to the ongoing Euroland crisis. In 2010-11, Germany experienced a … remains uncertain no matter what European Central Bank President Mario Draghi may promise. Germany's "safe haven" status may … worsen German competitiveness and the German economy would crater as a result. Additional wealth losses on Germany …
Persistent link: https://www.econbiz.de/10009757118
Recent macro developments in the euro area have highlighted the interactions between fiscal policy, sovereign debt, and financial fragility. We take a structural macroeconomic model with frictions in the financial intermediation process, in line with recent research, but introduce asset choice...
Persistent link: https://www.econbiz.de/10009625616
This paper analyzes recent macroeconomic developments in the eurozone, particularly in Germany. Several economic …. This paper explains Germany's hesitancy to protect its economy, which has been based on a political and historical ideology …
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