In this book, one of Germany's most influential economists describes his country's economy, the largest in the European Union and the third largest in the world, and analyzes its weaknesses: poor GDP growth performance, high unemployment due to a malfunctioning labor market, and an unsustainable...

In this book, one of Germany's most influential economists describes his country's economy, the largest in the European Union and the third largest in the world, and analyzes its weaknesses: poor GDP growth performance, high unemployment due to a malfunctioning labor market, and an unsustainable...

Der Beitrag geht der Frage nach, welche Veränderungen in Deutschland erforderlich sind, um die derzeit gravierenden Zielverfehlungen zu vermeiden. Er beschäftigt sich auch mit der Frage, ob die Reformen durch einen Big Bang oder eine Vielzahl kleiner Schritte möglich sind.

The paper discusses the impact of high capital mobility for monetary and budget policy as well as for the Provision of public goods, for taxation, for wage policy and trade unions, for distribution policy, and for social security Systems. The mobility of porrfolio capital puts additional...