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Nahezu alle Institutionen –Kündigungsschutz, Gewerkschaften, Lohnspreizung, Arbeitslosenversicherung etc.- wurde verdächtigt und schuldig gesprochen die tragische Entwicklung der Arbeitslosigkeit in Europa verursacht zu haben. US-amerikanische Arbeitsmarktinstitutionen wurden zum Benchmark...
Persistent link: https://www.econbiz.de/10003836155
In the long history of rising and persistent unemployment in Europe almost all institutions – employment protection legislation, unions, wages, wage structure, unemployment insurance, etc. – have been alleged and found guilty to have caused this tragic development at some point in time....
Persistent link: https://www.econbiz.de/10003836935
Highlighting that France and Germany held largely contradicting hopes and aspirations for Europe's common currency, this paper analyzes how the resulting euro contradiction conditioned the ongoing euro crisis as well as current strategies to resolve it. While Germany generally prevailed in...
Persistent link: https://www.econbiz.de/10009732260
The cost-share theorem and the related equilibrium structure of neoclassical economics are not consistent with thermodynamics and the process nature of energy conversion in wealth creation and technological evolution. In industrial economies energy's output elasticity is typically much larger...
Persistent link: https://www.econbiz.de/10014082785
COVID-19 pandemic and Russia's invasion of Ukraine, underscore the imperative of secure supply chains across all economic … countries (Brazil, Russia, India, China, and South Africa), which dominate key global supply chains, including those for … critical raw materials (CRMs). Russia plays a pivotal role as one of the world's largest suppliers of palladium (40% of global …
Persistent link: https://www.econbiz.de/10014637025
Competitiveness of a nation is associated with a set of characteristics that enable structural adjustment to global … production and exports structure towards specialization based on knowledge and innovation. Thus, in this paper, competitiveness …
Persistent link: https://www.econbiz.de/10011877222
). Contributing to the economic policy debate of whether it is foreign demand or 'world-beating' price competitiveness driving German … demand for German exports indicate strong non-price competitiveness. With regard to exchange rate effects, we do not detect a …
Persistent link: https://www.econbiz.de/10011781876
Using a four-country Mundell-Fleming model including portfolio and wealth effects, we explore the question whether some types of policy coordination could improve the outcomes of a financial shock like the Asian crisis. Time-consistent equilibria are computed: a Nash equilibrium, a target zone...
Persistent link: https://www.econbiz.de/10014061825
Since the 1980s inflationary pressures seem to materialize overproportionately outside of the sectors of consumer goods and services. We combine the Harmonized Index of Consumer Prices with indices for asset prices, such as stocks and real estate, as well as the costs of public goods to develop...
Persistent link: https://www.econbiz.de/10012291889
We study the role of bargaining power and outside options with respect to the pricing of over-the-counter interbank loans using a bilateral Nash bargaining model, and we test the model predictions with detailed transaction-level data from the euro-area interbank market. We find that lender banks...
Persistent link: https://www.econbiz.de/10012301128