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Euroland: Besser als befürchtet, aber schlechter als erhofft?

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Author Info
Jochen Michaelis
Michael Pflüger

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Abstract

Die Schaffung der Europäischen Währungsunion hatte in wissenschaftlichen Kreisen heftigste Kontroversen ausgelöst. Der vorliegende Beitrag unternimmt, dreieinhalb Jahre nach dem Beginn der Währungsunion, eine Bestandsaufnahme der Entwicklungen in den diesbezüglich zugrunde liegenden zentralen Problembereichen: den Arbeitsmärkten, der Inflationsentwicklung und der Budgetproblematik. Eine Analyse der Thesen im Lichte der bisherigen makroökonomischen Daten führt zu einem gemischten Urteil: Während die Entwicklungen auf den Arbeitsmärkten und im Inflationsbereich bislang in der Tendenz positiv sind, stagniert die angestrebte Besserung bei der Budget- und Schuldenproblematik. Da die weltwirtschaftlichen Einflüsse bis jetzt günstig bzw. für alle Teilnehmerländer von ähnlicher Wirkung waren, steht ein harter Test des makroökonomischen Rahmens aber noch aus.

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Article provided by DIW Berlin, German Institute for Economic Research in its journal Vierteljahrshefte zur Wirtschaftsforschung.

Volume (Year): 71 (2002)
Issue (Month): 3 ()
Pages: 296-311
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Handle: RePEc:diw:diwvjh:71-30-2

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Michael C. Burda, 2001. "European Labour Markets and the Euro: How Much Flexibility Do We Really Need?," Economics Working Papers 003, European Network of Economic Policy Research Institutes. [Downloadable!]
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  2. Sibert, Anne & Sutherland, Alan, 2000. "Monetary union and labor market reform," Journal of International Economics, Elsevier, vol. 51(2), pages 421-435, August. [Downloadable!] (restricted)
  3. Portes, Richard, 2001. "A Monetary Union in Motion: the European Experience," CEPR Discussion Papers 2954, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  4. Calmfors, Lars & Horn, Henrik, 1985. " Classical Unemployment, Accommodation Policies and Adjustment of Real Wages," Scandinavian Journal of Economics, Blackwell Publishing, vol. 87(2), pages 234-61.
  5. Midelfart-Knarvik, K.H. & Overman, H.G. & Redding, S.J. & Venables, A.J., 2000. "The Location of European Industry," European Economy - Economic Papers 142, Commission of the EC, Directorate-General for Economic and Financial Affairs (DG ECFIN).
  6. Eichengreen, Barry, 1998. "European Monetary Unification: A Tour d'Horizon," Oxford Review of Economic Policy, Oxford University Press, vol. 14(3), pages 24-40, Autumn.
  7. Andersen, Torben M, 2002. "Fiscal Stabilization Policy in a Monetary Union with Inflation Targeting," CEPR Discussion Papers 3232, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  8. Claus Thustrup Kreiner, 2002. "Do the New Keynesian Microfoundations Rationalise Stabilisation Policy?," Economic Journal, Royal Economic Society, vol. 112(479), pages 384-401, April. [Downloadable!] (restricted)
  9. Olivier Blanchard & Lawrence F. Katz, 1996. "What We Know and Do Not Know About the Natural Rate of Unemployment," NBER Working Papers 5822, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Jochen Michaelis, 2005. "Zur Reform der Leistungsformen der Pflegeversicherung - ein familienökonomischer Ansatz," Discussion Papers in Economics 74/05, University of Kassel, Institute of Economics. [Downloadable!]
  2. Lorenz Blume & Stefan Voigt, 2004. "The Economic Effects of Human Rights," Discussion Papers in Economics 66/04, University of Kassel, Institute of Economics. [Downloadable!]
    Other versions:
  3. Frank Beckenbach, 2005. "Knowledge Representation and Search Processes - a contribution to the microeconomics of invention and innovation," Discussion Papers in Economics 75/05, University of Kassel, Institute of Economics. [Downloadable!]
  4. Jochen Michaelis & Heike Minich, 2004. "Inflationsdifferenzen im Euroraum - Eine Bestandsaufnahme," Discussion Papers in Economics 62/04, University of Kassel, Institute of Economics. [Downloadable!]
    Other versions:
  5. Hans-Friedrich Eckey & Reinhold Kosfeld & Matthias Türck, 2004. "Regionale Produktionsfunktionen mit Spillover-Effekten für Deutschland," Discussion Papers in Economics 64/04, University of Kassel, Institute of Economics. [Downloadable!]
  6. Karoly Henrich, 2004. "Globale Einkommensdisparitäten," Discussion Papers in Economics 60/04, University of Kassel, Institute of Economics. [Downloadable!]
  7. Hans-Friedrich Eckey & Reinhold Kosfeld, 2004. "New Economic Geography," Discussion Papers in Economics 65/04, University of Kassel, Institute of Economics. [Downloadable!]
  8. Hans-Friedrich Eckey & Matthias Türck, 2005. "Deutsche Innovationsregionen," Discussion Papers in Economics 69/05, University of Kassel, Institute of Economics. [Downloadable!]
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