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With the abolition of exchange rates the role of wage formation in the European Monetary Union changes fundamentally and national economic policy in particular fiscal policy faces new restrictions. These are analysed in the first two chapters. A major impact is expected for wage formation. To...
Persistent link: https://www.econbiz.de/10001352244
is in eighth position in the ranking of EU countries as in the previous year. With an annual rate of change of 1.8 %, the … the two sectors diverged further and is now equal to 21 %, the largest intersectoral wage gap of all the EU countries … allen EU Mitgliedsländern. Die Anpassungsprozesse der Krisenländer haben sich auch im Jahr 2014 fortgesetzt, so dass die …
Persistent link: https://www.econbiz.de/10011413787
.70 €. The German economy is in eighth position in the ranking of EU countries, as in the previous year. With an annual rate of … sectors still exceeds 21 %. This is the largest intersectoral wage gap of all the EU countries. The adjustment process in the … Sektoren von allen EU Mitgliedsländern. Die Anpassungsprozesse der Krisenländer haben sich auch im Jahr 2015 fortgesetzt, so …
Persistent link: https://www.econbiz.de/10011528975
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im Verarbeitenden Gewerbe und im privaten Dienstleistungssektor ist hier viel größer als in den anderen EU …
Persistent link: https://www.econbiz.de/10009530389
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We analyse the effectiveness of fiscal policy rules for business cycle stabilisation in a monetary union using a quarterly macro-econometric model of Germany. The simulations compare a deficit target and an expenditure target under a range of supply, demand and fiscal shocks. Their effects are...
Persistent link: https://www.econbiz.de/10013102162