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. Andererseits übt die damit verbundene restriktive Fiskal- und Lohnpolitik deflationären Druck auf den größten Teil des Euroraumes … Reaktionen zur Krise einzugehen. Da die vorgeschriebene Steuer- und Lohnpolitik noch durch den theoretischen Rahmen der New … keynesianischen und Post-keynesianischen Prinzipien beruht. Es wird gezeigt, dass die Stabilisierung der Lohnpolitik und aktiven …
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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...
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The Broad Economic Policy Guidelines contain the answers of the European Commission and the governments of the EU-member countries to the European growth and employment problems. These guidelines have been the major EU-economic policy concept for around ten years now. They can be seen as a...
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Macroeconomically oriented wage policies had largely gone out of fashion. Instead, the prevailing view was that wage setting is just another market process comparable to market processes in goods markets. However, these theoretical approaches ignore some fundamental aspects of wage setting. For...
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history. The eurozone experience showed the emergence of large current account imbalances. The peculiar mixture of financial …
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In this paper we estimate a small model of the euro area to be used as a laboratory for evaluating the performance of alternative monetary policy strategies. We start with the relationship between output and inflation and investigate the fit of the nominal wage contracting model due to Taylor...
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