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Persistent link: https://www.econbiz.de/10002436574
This Working Paper examines options for the design of a workable fiscal union for the euro area. It provides a comparative study of fiscal institutions in the US and euro area in order to supply lessons from the operation of the US fiscal regime that could inform the design of the, hitherto...
Persistent link: https://www.econbiz.de/10012890840
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This paper reviews the performance of the euro area since the euro's launch 20 years ago. It argues that the euro crisis has exposed existential flaws in the euro regime. Intra-area divergences and the corresponding buildup of imbalances had remained unchecked prior to the crisis. As those...
Persistent link: https://www.econbiz.de/10011894027
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Die Studie stellt die verbreitete These, die seit 2001 trotz konjunktureller Schwäche anhaltend hohe Inflationsrate im Euroraum sei die Folge struktureller Rigiditäten, in Frage. Anhänger dieser These sehen in Strukturreformen, die diese Rigiditäten beseitigen, die wichtigste Voraussetzung...
Persistent link: https://www.econbiz.de/10003851509
This paper investigates the causes behind the euro debt crisis, particularly Germany's role in it. It is argued that … of the matter, and they ultimately go back to competitive wage deflation on Germany's part since the late 1990s. Germany …
Persistent link: https://www.econbiz.de/10009533362
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This paper investigates Germany's vulnerability to the ongoing Euroland crisis. In 2010-11, Germany experienced a … remains uncertain no matter what European Central Bank President Mario Draghi may promise. Germany's "safe haven" status may … worsen German competitiveness and the German economy would crater as a result. Additional wealth losses on Germany …
Persistent link: https://www.econbiz.de/10009757118
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