IDEAS home Printed from https://ideas.repec.org/a/spr/wirtsc/v94y2014i6p407-409.html
   My bibliography  Save this article

Wirtschaftspolitik für die Eurozone

Author

Listed:
  • Paul Atkinson
  • Wolfgang Michalski
  • Leif Pagrotsky
  • Robert Raymond
  • Kumiharu Shigehara

Abstract

At the root of the euro crisis was not only a sovereign debt crisis but also a balance-of-payments crisis. A multi-faceted approach is required to restore sustainable growth and prevent a vicious circle of public and private sector deleveraging leading to weaker economic activity, which in turn results in a further deterioration in banks’ asset quality. Both governments and the European Central Bank (ECB) face challenges. Governments must make progress in restoring the health and resilience of the banking sector and introduce microeconomic reforms in product, services and labour markets to reduce divergent trends in competitiveness and productivity. Budgetary discipline must be respected, and the ECB should avoid any deflationary bias while stabilising inflation at or around two per cent for the euro area as a whole. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2014

Suggested Citation

  • Paul Atkinson & Wolfgang Michalski & Leif Pagrotsky & Robert Raymond & Kumiharu Shigehara, 2014. "Wirtschaftspolitik für die Eurozone," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 94(6), pages 407-409, June.
    • Handle: RePEc:spr:wirtsc:v:94:y:2014:i:6:p:407-409
    DOI: 10.1007/s10273-014-1687-5
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s10273-014-1687-5
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s10273-014-1687-5?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:wirtsc:v:94:y:2014:i:6:p:407-409. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.