Over the past several decades minimum wages have steadily gained importance. In many cases this reflects the weakness of unions which have been unable to prevent very low wages compared to the national average wage in some segments of the labour market. Changes in minimum wages can affect...

Minimum wage policy supported by a strong social policy is an efficient mechanism against poverty and income erosion of the poorest households. Minimum wage is one of the instruments which can control wage dispersion and in this way reduce income inequality. It can also help to prevent a general...

This paper has the goal to explore the functionality of the economic development in emerging countries, which are on their way of joining a currency union based on the concept of macroeconomic policy regimes (MPRs). Functional MPRs are considered those that deliver sustainable economic growth,...

The goal of this paper is to analyse the economic development of Poland using the concept of macroeconomic policy regimes (MPRs). Six elements of a MPR will be identified: foreign economic policy, industrial policy, the financial system, wage policy, monetary policy and fiscal policy. Examining...

This paper contributes to the financialization literature exploring the dynamics of financialization in eight emerging European economies (EEEs) compared to the Anglo-Saxon countries. Our analysis encompasses the decade before and the years following the financial crisis in 2008, including the...

This paper's goal is to analyse economic development in Latvia using the concept of a macroeconomic policy regime (MPR). An MPR consists of foreign economic policy, industrial policy, the financial system, wage policy, monetary policy and fiscal policy. This paper, furthermore, aims to explore...

Der Preisniveauschock ab 2021, der vor allem durch den Krieg in der Ukraine ausgelöst wurde, stellt die Lohnpolitik vor schwierige Herausforderungen. Theoretische und empirische Überlegungen zeigen, dass für alle Arbeitnehmer eine Überwälzung der Wohlfahrtsverluste, die durch die...

In Deutschland und der Europäischen Währungsunion (EWU) entwickelte sich ab 2021 eine kostengetriebene Inflationswelle, die von steigenden Energiekosten und Nahrungsmittelpreisen sowie Störungen in globalen Wertschöpfungsketten vorangetrieben wird. Führt der kräftige Preisniveauschub zu...

The German Federal Constitutional Court has ordered a revision of public budgets following the correct interpretation of the German debt brake. The debt brake is an obstacle to necessary public investment needed for ecological transformation of areas such as housing construction and education....

Zahlungsbilanzstruktur, Leitwährungsfunktion und die Zukunft des Dollars Die Vermögenssicherungsqualität eines Geldes kann durch die erwarteten Auf- und Abwertungen der Währung ausgedrückt werden. Sie hängt letztlich von der relativen Knappheit eines Geldes und damit der national...