Bibow, Jörg (contributor) - 2006
, and a very pragmatic Anglo-Saxon one. The low levels of interest at which global demand imbalances have been smoothed out …-rate policy vacuum, a small-country mindset, and soaring intra-area imbalances, Euroland is also illpositioned to cope with fading …. Globally, there is an ongoing clash between two approches to macroeconomic policy making: a highly dogmatic German approach …