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Fiscal policy in the macroeconomic policy mix : a critique of the new consensus model and a comparison of macroeconomic policies in France, Germany, the UK and Sweden from a post-K...

Hein, Eckhard; Truger, Achim - 2008

development, albeit the whole macroeconomic policy-mix of monetary, fiscal and wage policies as well as open economy conditions … are not the whole story, monetary policies, wage policies and open economy conditions matter as well. … ausschließlichen Konzentration auf die Geldpolitik als Stabilisierungsinstrument, wegen seiner mangelhaften Berücksichtigung der Rolle …

Persistent link: https://www.econbiz.de/10003744540

Germany's short time compensation program : macroeconom(etr)ic insight

Will, Henner - 2011 - This version: November 2011 (first draft: September 2010)

Short Time Compensation [STC] was a key program in Germany to fight the crisis. However, STC is quite an old tool: in the past 100 years it has been used quite often and is very multifunctional. It stabilized employment in every kind of macroeconomic shock. After a brief look into the...

Persistent link: https://www.econbiz.de/10009530413

Macroeconomic policies, wage developments, and Germany's stagnation : [Paper presented at the conference: Germany's Economic Performance: From Unification to Euroisation, Anglo-Ger...

Hein, Eckhard; Truger, Achim - 2005

. Stattdessen wird eine makroökonomische Erklärung präsentiert, die sich auf die Gesamtwirkung einer zu restriktiven Geldpolitik …, einer zu restriktiven und teilweise prozyklischen Finanzpolitik sowie einer übermäßig zurückhaltenden Lohnpolitik in …

Persistent link: https://www.econbiz.de/10003744520

The scope for progressive tax reform in the OECD countries : a macroeconomic perspective with a case study for Germany

Godar, Sarah; Paetz, Christoph; Truger, Achim - 2015

The trend of increasing inequality in the distribution of income and wealth in most developed countries has led to calls for corrective tax increases for the rich and wealthy. Such calls are often confronted with the claim that higher taxes on top personal incomes, corporate income and wealth...

Persistent link: https://www.econbiz.de/10010519198

Germany's post-2000 stagnation in the European context - a lesson in macroeconomic mismanagement

Hein, Eckhard; Truger, Achim - 2006

for the German economy. And we argue that this is not only a German problem, but a matter of European concern, because the …

Persistent link: https://www.econbiz.de/10003744530

Squaring the circle in Euroland? : some remarks on the stability and convergence programmes 2010 - 2013

Brecht, Michael; Tober, Silke; Treeck, Till van; … - 2010

It is generally held, from both a global and a European perspective, that the three most impor-tant objectives for the years to come are 1) the reduction of current account imbalances, 2) the reduction of public deficits, and 3) the reduction of unemployment. This paper argues that the Stability...

Persistent link: https://www.econbiz.de/10009305424

Germany's labour market in coronavirus distress - new challenges to safeguarding employment

Herzog-Stein, Alexander; Nüß, Patrick; Peede, Lennert; … - 2021

and affects additional sectors of the economy where low-wage earners are affected more frequently by short-time work and …

Persistent link: https://www.econbiz.de/10012511456

The NAIRU and the extent of the low-pay sector

Garz, Marcel - 2010

The creation of jobs in the low-pay sector is considered to be an approach to reduce unemployment, especially with respect to low-skilled workers. By now, the expansion of the German low-wage sector over the last 15 years is empirically confirmed, which indicates a successful implementation of...

Persistent link: https://www.econbiz.de/10009306634

Macroeconomic consequences of raising social security contributions in Germany

Brendler, Pavel - 2022

Population aging imposes a challenge for the public pension systems in many developed countries. The solvency of the pension system requires a broad set of policy measures. The paper addresses the following question: What are the macroeconomic consequences of increasing the social security...

Persistent link: https://www.econbiz.de/10013399869

The great moderation and the decoupling of monetary policy from long-term rates in the US and Germany

Greenwood-Nimmo, Matthew; Shin, Yongcheol; Treeck, Till van - 2010

models, we find that Taylor over-estimates the importance of policy-controlled rates for the broader economy. Equivalently … Instrument der Geldpolitik suboptimal ist. …

Persistent link: https://www.econbiz.de/10009306630