Die aktuelle Krise in der Eurozone wurde durch ein permanentes Auseinanderdriften von Löhnen, Lohnstückkosten und Preisen und entsprechend starke Divergenzen zwischen den Leistungsbilanzen der Mitgliedstaaten verursacht. Der Europäische Rat hat diese offene Flanke der europäischen...

The current crisis in the Economic and Monetary Union (EMU) was caused by strong divergences in wages, unit labour costs and prices resulting in member states running large current account surpluses and deficits. The European Council attempted to respond to this governance gap by adopting a...

Most German economists show strong patterns of professional specialisation. In their work, they either focus on basic research or on policy consultancy. The evidence provided by Haucap und Mödl has been used to question work incentives in academia. The suggestion to change work incentives,...