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Future fiscal and debt policies: Germany in the Context of the European Monetary Union
Hein, Eckhard; Truger, Achim - 2013
Currently fiscal policies in Germany seem to be in a very comfortable position and the German Debt Brake is regarded as an institutional precondition for this success and has been exported to the Euro area in the guise of the Fiscal Compact. In this paper we scrutinize German fiscal policies and...
Persistent link: https://www.econbiz.de/10010314658
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Monetary policy, macroeconomic policy mix and economic performance in the Euro area
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 area. In the present paper we focus on the particular...
Persistent link: https://www.econbiz.de/10010460441
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Fiscal Policy and Rebalancing in the Euro Area: A Critique of the German Debt Brake from a Post-Keynesian Perspective
Hein, Eckhard; Truger, Achim - In: Panoeconomicus 61 (2014) 1, pp. 21-38
The German debt brake is often regarded as a great success story and has therefore served as a role model for the Euro area and it’s Fiscal Compact. In this paper we fundamentally criticise the debt brake. Firstly, we show that it suffers from serious shortcomings and that its success is...
Persistent link: https://www.econbiz.de/10011134502
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Future fiscal and debt policies: Germany in the Context of the European Monetary Union
Hein, Eckhard; Truger, Achim - Fachbereich Wirtschaftswissenschaften, Hochschule für … - 2013
Currently fiscal policies in Germany seem to be in a very comfortable position and the German Debt Brake is regarded as an institutional precondition for this success and has been exported to the Euro area in the guise of the Fiscal Compact. In this paper we scrutinize German fiscal policies and...
Persistent link: https://www.econbiz.de/10010955076
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Monetary policy, macroeconomic policy mix and economic performance in the Euro area
Hein, Eckhard; Truger, Achim - Institut für Makroökonomie und Konjunkturforschung … - 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 area. In the present paper we focus on the particular...
Persistent link: https://www.econbiz.de/10005241854
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European monetary union : nominal convergence, real divergence and slow growth?
Hein, Eckhard; Truger, Achim - In: Structural change and economic dynamics : SC+ED 16 (2005) 1, pp. 7-33
Persistent link: https://www.econbiz.de/10002561637
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Macroeconomic co-ordination as an economic policy concept : opportunities and obstacles in the EMU
Hein, Eckhard (contributor); Truger, Achim (contributor) - 2004
Persistent link: https://www.econbiz.de/10002128438
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Fiscal Policy and Rebalancing in the Euro Area : A Critique of the German Debt Brake from a Post-Keynesian Perspective
Hein, Eckhard - 2013
The German debt brake is often regarded as a great success story, and has therefore served as a role model for the Euro area and its fiscal compact. In this paper we fundamentally criticize the debt brake. We show that (1) it suffers from serious shortcomings, and its success is far from certain...
Persistent link: https://www.econbiz.de/10013074699
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Future fiscal and debt policies : Germany in the Context of the European Monetary Union
Hein, Eckhard; Truger, Achim - 2013
Currently fiscal policies in Germany seem to be in a very comfortable position and the German Debt Brake is regarded as an institutional precondition for this success and has been exported to the Euro area in the guise of the Fiscal Compact. In this paper we scrutinize German fiscal policies and...
Persistent link: https://www.econbiz.de/10009756271