This study assesses the potential macroeconomic impact of the stimulus and the structural reforms supported by the Recovery and Resilience Facility (RRF) on the Greek economy. The set-up is a Dynamic Stochastic General Equilibrium (DSGE) model that is augmented to account for the main features...

The recent European economic crisis has dramatically exposed the failures of the various institutional mechanisms in place to maintain economic stability in Europe, and has unveiled the difficulty in achieving international coordination on fiscal and financial stability policies. Drawing on the...

The economic tradition of ordoliberalism, understood as the theoretical and policy ideas of the Freiburg School, emerged in 1930s and 1940s Germany. In the years thereafter, it was quickly superseded by Keynesianism and other theories imported from the English-speaking world. The crisis in...

Der Beitrag gibt einen Überblick über den Themenkomplex "wirtschaftspolitische Governance". Dieser Begriff dient in Volkswirtschaftslehre und benachbarten Sozialwissenschaften als Ober-/Sammelbegriff unter dem üblicherweise alle Aktivitäten subsumiert werden, die wirtschaftspolitische...