The euro area's sovereign debt crisis continues though significant steps have been taken to resolve it. This paper proposes a comprehensive solution to the crisis based on three pillars: a plan to restore banking sector soundness in the whole euro area, a resolution of sovereign debt crisis...

Purpose - This study aims to examine the impact of external debt on economic growth in Bangladesh within a broader macroeconomic scenario. Design/methodology/approach - In the process of doing so, it assesses the empirical cointegration, long-run and short-run dynamics of the concerned variables...

The euro area's sovereign debt crisis continues though significant steps have been taken to resolve it. This paper proposes a comprehensive solution to the crisis based on three pillars: a plan to restore banking sector soundness in the whole euro area, a resolution of sovereign debt crisis...

The economic crisis triggered by the COVID–19 pandemic once again raises doubts about the eurozone's ability to deal with joint economic problems given its dissimilar dynamics and asymmetries. This chapter contributes to a paradigm shift in the governance of the euro area towards a more...

This paper examines the role that macroeconomic policy management has played in the Malaysian development experience. Given the multiracial nature of Malaysian society, macroeconomic policy has not only been about economic stabilization, but also about addressing income disparities along racial...

The European Network of Economic Policy Research Institutes (ENEPRI) brings together twenty-four leading national economic policy research institutes from most of the EU-27 countries. The goals of the network are to foster the international diffusion of existing research, co-ordinate research...

This paper investigates how macroeconomic policy shocks in Turkey affect the total unemployment and provides evidence on the differential responses of the unemployment by sectors of economic activity. Our paper extends the previous work in two respects. First, we consider not only the response...

We propose a Fair New Deal for Germany. First, the German government needs to implement a public investment package that puts the German economy on a prolonged growth path. The main mechanisms of this first component of the Fair New Deal are electricity price controls, expansion of public...

Short- and medium-term growth perspectives in Germany are bleak. This is putting the public budget under stress. A reform of the debt brake could increase public financial leeway, but would not in itself solve the fundamental economic problems. Even with a higher permissible level of government...

Die deutsche Wirtschaft wurde 2022 in besonderem Maße von Russlands Angriffskrieg in der Ukraine getroffen. Aufgrund ihrer starken Exportabhängigkeit fielen die hohen Energiepreise, die schwächelnde Weltkonjunktur und gestörte Lieferketten besonders stark ins Gewicht. Umso beeindruckender...