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How important is the real exchange rate for exports and growth?

Blecker, Robert A. - In: European Journal of Economics and Economic Policies: … 20 (2023) 2, pp. 250-265

Economists have long debated whether the real exchange rate (RER) has a significant impact on export performance and output growth. Some claim that export performance depends only on nonprice competition and the RER is irrelevant to long-run growth, whereas others argue that the RER is a key...

Persistent link: https://www.econbiz.de/10014481027

Austerity in the euro area: the sad state of economic policy in Germany and the EU

Truger, Achim - In: European Journal of Economics and Economic Policies: … 10 (2013) 2, pp. 158-174

theoretical or purely ideological foundations. Germany as the most economically and politically influential member state of the …

Persistent link: https://www.econbiz.de/10014363172

The implications of TARGET2 in the European balance of payments crisis and beyond

Cesaratto, Sergio - In: European Journal of Economics and Economic Policies: … 10 (2013) 3, pp. 359-382

The paper provides an account of the meaning and implications of TARGET2 in the eurozone (EZ) balance of payments crisis. In this context, it discusses Hans-Werner Sinn's thesis about a stealth bail-out of the EZ periphery by the ECB from a heterodox perspective. Financial liberalisation, a...

Persistent link: https://www.econbiz.de/10014363189

Germany's brake on European capital-market development

Grahl, John; Lysandrou, Photis - In: European Journal of Economics and Economic Policies: … 15 (2018) 3, pp. 364-381

In February 2015, the European Commission published a Green Paper in which it put forward the goal to 'build a true single market for capital' for all European Union member states by 2019. The present paper argues that there is no realistic prospect of achieving this goal given that the Green...

Persistent link: https://www.econbiz.de/10014363337

In search of a growth model for Italy: the failed attempt of an export-led recovery strategy?

Bramucci, Alessandro - In: European Journal of Economics and Economic Policies: … 21 (2024) 1, pp. 113-132

and Economic Crisis (GFEC), Italy followed an export-led recovery strategy. In this respect, Germany's growth model … emerged as the successful model to follow. In the dominant view, Germany's economic success since the mid-2000s was attributed … to a series of painful but necessary economic reforms. The success of Germany's export-led mercantilist regime became …

Persistent link: https://www.econbiz.de/10014518625