This paper challenges the institutional sclerosis explanation 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 explanation is not convincing, because the underlying...

Im Kapitel 1 werden zentrale Herausforderungen (Bevölkerungs- und Beschäftigtenentwicklung, Innovationsfähigkeit) aufgegriffen und die künftigen Probleme für die neue Förderperiode aus Sicht der Gutachter herausgestellt. Im Kapitel 2 schließt sich ein Blick auf die laufende Förderperiode...

Dem neu-keynesianischen langfristigen Gleichgewichtskonzept einer durch Strukturfaktoren des Arbeitsmarktes, der Lohnverhandlungen und der sozialen Sicherungssysteme bestimmten inflationsstabilen Arbeitslosenquote (NAIRU) wird in diesem Beitrag eine post-keynesianische Interpretation der NAIRU...

It is by now widely accepted that the structural characteristics of the countries to become the euro area did not adhere to the conditions of an optimum currency area (OCA) when the euro was introduced in 1999. However, the satisfaction of OCA criteria may not be required for a workable currency...

The notion of flexicurity promotes the idea of compensation of labour market deregulation (= flexibilization) with advantages in employment and social security. To monitor effects of flexicurity policies in Europe, flexicurity indices are constructed from (a) scores of the strictness of...

Nach einer umfassenden Auswertung der Ergebnisse der Bundestagswahl 2005 hinsichtlich der Wahlprogramme bleibt die SPD die repräsentativste Partei Deutschlands, obwohl ihr Stimmenanteil nicht der höchste ist. Um dies zu zeigen, werden die Indikatoren der Popularität und der Universalität der...

Assessing the effects of monetary policy and wage bargaining on employment and inflation in the European Monetary Union (EMU), in the first step a Post-Keynesian competitive claims model of inflation with endogenous money is developed. In this model the NAIRU is considered to be a short-run...

As the German employment system can be generally characterised as highly protective and favourable to employees in respect to their labour rights, democratic participation in the economic sphere and the level of social protection, this article addresses the question of the consequences of these...

Starting from Schumpeter.s important distinction between .real analysis. and .monetary analysis., in this paper it is shown that major elements of Marx.s economic theory fall in the camp of monetary analysis and the implications for Marx.s theory of capital accumulation are derived. First,...