Primero enseñaremos que la (nueva) curva de Phillips diseñada por la escuela del «Nuevo Keynesianismo» se puede transformar fácilmente en una curva de Phillips «clásica». Teniendo en cuenta el «mismatch» en los mercados laborales, como lo describe la curva de Beveridge y combinando...

This paper challenges the institutional sclerosis view of the German crisis according to which rigid labour markets and generous welfare state institutions have driven Germany into its position as "Europe's sick man". In general, the view is not convincing, because the underlying hypotheses...

The main characteristic of the implementation of the European Monetary Union (EMU) is the transition from various national currencies to the Euro, the common European currency. A final fixing of the individual bilateral exchange rates of all European countries involved in the Monetary Union...