Hein, Eckhard; Truger, Achim - In: Panoeconomicus 61 (2014) 1, pp. 21-38
countries in a currency union like the Euro area. It will prevent fiscal policy from contributing to the necessary rebalancing … in the Euro area. Thirdly, we show that alternative scenarios, which could avoid the deflationary pressures of the German … Debt Brake on domestic demand and contribute to internally rebalancing the Euro area, are extremely unlikely as they would …