This paper develops a dynamic stochastic general equilibrium model to examine the quantitative macroeconomic implications of countercyclical fiscal policy for France, Germany and the UK. The model incorporates real wage rigidity which is the particular market failure justifying policy...

Strengthening potential output is high on the agenda for economic policy in the European Union. While there is widespread agreement that structural policies have a positive impact on long-term growth, there is a controversial discussion whether coordination of macroeconomic policies can...

Hochschullehrbuch für Studenten nach dem Grundstudium. Der Autor liest VWL an der FU Berlin. Thema sind die theoretischen Grundlagen und die wirtschaftspolitischen Konzepte zur Geldwertstabilität, die wesentliche konjunktur- und wachstumspolitische Maßnahmen einschließen. Neben Geld- und...