Despite exporting more good and services than any other country
in the world, economic growth in Germany has been slow through the
nineties and the early twenty first century with low wage growth,
rising unemployment and increasing public deficits. German
unemployment was traditionally diagnosed as structural, neglecting
macroeconomic causes of economic stagnancy in the economic policy
debate. This book offers a fresh, innovative analysis of the German
economic policy debate, containing essays from eight distinguished
international economists.
These essays tackle various aspects of the German and European
market, ranging from theoretical issues criticizing the narrowness
of the debate, analyses of the real effects of monetary policies in
the short and long run, fiscal policy contributions, wage policies,
to family policies, arguing for a more expansionary macroeconomic
policy to counteract economic stagnancy and improve prosperity in
Germany and Europe.
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