Hein, Eckhard; Truger, Achim - 2006
In order to explain slow growth and high unemployment in the Euro area, in particular if compared to the USA, we follow … a macroeconomic policy view focussing on the more restrictive stance of monetary, fiscal and wage policies in the Euro … macroeconomic performance in the Euro area. The ECB is too exclusively occupied with inflation and wage developments and pays too …