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Ordoliberalism, pragmatism and the eurozone crisis : how the German tradition shaped economic policy in Europe
Feld, Lars P.; Köhler, Ekkehard A.; Nientiedt, Daniel - 2015
German policy during the Eurozone crisis supposedly follows an ordoliberal tradition. In this paper, we discuss to what … economic constitution for Europe in which several pillars supposedly aim at ensuring sound money in the Eurozone. The policies … the German government pushed during the Eurozone crisis have been informed by the ordoliberal tradition. In particular …
Persistent link: https://www.econbiz.de/10011280050
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Ordoliberalism, pragmatism and the Eurozone crisis : how the German tradition shaped economic policy in Europe
Feld, Lars P.; Köhler, Ekkehard A.; Nientiedt, Daniel - 2015 - This version: May 18, 2015
German policy during the Eurozone crisis supposedly follows an ordoliberal tradition. In this paper, we discuss to what … economic constitution for Europe in which several pillars supposedly aim at ensuring sound money in the Eurozone. The policies … the German government pushed during the Eurozone crisis have been informed by the ordoliberal tradition. In particular …
Persistent link: https://www.econbiz.de/10010528303
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The "dark ages" of German macroeconomics and other alleged shortfalls in German economic thought
Feld, Lars P.; Köhler, Ekkehard A.; Nientiedt, Daniel - 2017
Ordoliberalism is often accused as being responsible for Germany's policy stance during the Eurozone crisis …
Persistent link: https://www.econbiz.de/10011743490
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The effects of fiscal shocks on the exchange rate in the EMU and differences with the USA
Castro, Francisco de; Garrote, Daniel - In: Empirical economics : a journal of the Institute for … 49 (2015) 4, pp. 1341-1365
Persistent link: https://www.econbiz.de/10011377039
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The economics of deflation in the euro area : a critique of fiscal austerity
Mastromatteo, Giuseppe; Rossi, Sergio - In: Review of Keynesian economics 3 (2015) 3, pp. 336-350
Persistent link: https://www.econbiz.de/10011311662
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The macroeconomic effects of the Euro Area's fiscal consolidation 2011 - 2013 : a simulation-based approach
Rannenberg, Ansgar; Schoder, Christian; Strasky, Jan - 2015
We simulate the Euro Area's fiscal consolidation between 2011 and 2013 by employing two DSGE models used by the ECB and the European Commission, respectively. The cumulative multiplier amounts to 0.7 and 1.0 in the baseline, but increases to 1.3 with a reasonably calibrated financial accelerator...
Persistent link: https://www.econbiz.de/10011311671
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On the size of government spending multipliers in Europe
Kempa, Bernd; Khan, Nazmus Sadat - In: Applied economics 47 (2015) 49/51, pp. 5548-5558
Persistent link: https://www.econbiz.de/10011341753
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The macroeconomic effects of the euro area's fiscal consolidation 2011 - 2013 : a simulation-based approach
Rannenberg, Ansgar; Schoder, Christian; Strasky, Jan - 2015
Persistent link: https://www.econbiz.de/10011317242
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Trust in government and fiscal adjustments
Bursian, Dirk; Weichenrieder, Alfons J.; Zimmer, Jochen - 2013
The paper looks at the determinants of fiscal adjustments as reflected in the primary surplus of countries. Our conjecture is that governments will usually find it more attractive to pursue fiscal adjustments in a situation of relatively high growth, but based on a simple stylized model of...
Persistent link: https://www.econbiz.de/10009764994
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Euro membership and fiscal reaction functions
Weichenrieder, Alfons J.; Zimmer, Jochen - 2013
The paper uses fiscal reaction functions for a panel of euro-area countries to investigate whether euro membership has reduced the responsiveness of countries to shocks in the level of inherited debt compared to the period prior to succession to the euro. While we find some evidence for such a...
Persistent link: https://www.econbiz.de/10009748386