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German policy during the Eurozone crisis supposedly follows an ordoliberal tradition. In this paper, we discuss to what … extent this contention holds and to what extent Germany pragmatically responded to different crisis phenomena. A proper … economic constitution for Europe in which several pillars supposedly aim at ensuring sound money in the Eurozone. The policies …
Persistent link: https://www.econbiz.de/10011280050
German policy during the Eurozone crisis supposedly follows an ordoliberal tradition. In this paper, we discuss to what … extent this contention holds and to what extent Germany pragmatically responded to different crisis phenomena. A proper … economic constitution for Europe in which several pillars supposedly aim at ensuring sound money in the Eurozone. The policies …
Persistent link: https://www.econbiz.de/10010528303
The current Covid-19 Crisis 2020 has hit the Eurozone in a highly fragile situation, with a weak and asymmetric … recovery from the Great Financial Crisis, the Great Recession and the following Eurozone Crisis. These crises have also … revealed the weaknesses of the macroeconomic policy institutions and strategies of the Eurozone based on New Consensus …
Persistent link: https://www.econbiz.de/10012239654
deflation in the largest economy of the Euro area, Germany, it is therefore required that the ECB raises its inflation target … Euroraum in den Mittelpunkt stellt. Die Arbeit konzentriert sich dann insbesondere auf die Determinanten der Geldpolitik, weil … Deflation im größten Mitgliedsland, Deutschland, zu reduzieren, ist daher erforderlich, dass die EZB ihr Inflationsziel anhebt …
Persistent link: https://www.econbiz.de/10003744533
The COVID-19 pandemic has caused a major global health crisis, the onset of which, and containment policies for, have also led to a global economic crisis. The effects of the pandemic on the economies of various countries depended on their position in the international economic hierarchy, and...
Persistent link: https://www.econbiz.de/10013283745
midst of the pandemic. This finding suggests that the expansionary fiscal policies initiated at the EU level significantly …
Persistent link: https://www.econbiz.de/10013455597
midst of the pandemic. This finding suggests that the expansionary fiscal policies initiated at the EU level significantly …
Persistent link: https://www.econbiz.de/10013541792
The Broad Economic Policy Guidelines contain the answers of the European Commission and the governments of the EU …-member countries to the European growth and employment problems. These guidelines have been the major EU-economic policy concept for … around ten years now. They can be seen as a synthesis of the economic policy regime dominating the EU since the early to mid …
Persistent link: https://www.econbiz.de/10003744521
The Covid-19 pandemic hitting the world in 2020 also caused a high death toll in Germany and in the European Monetary …-scale fiscal stimuli, and public guarantees, in Germany and the EMU smoothed the disastrous economic and social effects of the … pandemic. Overall, the stabilisation policy during the Covid-19 pandemic in Germany was successful and prevented escalating …
Persistent link: https://www.econbiz.de/10013279649
This paper reviews the performance of the euro area since the euro's launch 20 years ago. It argues that the euro crisis has exposed existential flaws in the euro regime. Intra-area divergences and the corresponding buildup of imbalances had remained unchecked prior to the crisis. As those...
Persistent link: https://www.econbiz.de/10011894027