Reformes du marché de travail en Allemagne – aucun effet sur l´emploi et aggravation des déséquilibres en Europe
AbstractIn this article an overview of the German macroeconomic performance in the last decade is stressed; extraordinary recovery of the German productivity and successes of the foreign trade face depressed domestic demand and a still worrying situation in the labour market. This article attempts to analyse the causes and consequences of these contradictory developments. Labour markets reforms in particular are focussed on in these lines. A macroeconomic evaluation of their impact on employment and wage developments is done and concludes that structural reforms cannot for themselves create more employment, they only can give a greater latitude for economic policy to boost demand without leaving the sustainable framework.
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Bibliographic InfoPaper provided by IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute in its series IMK Working Paper with number 02-2008.
Length: 37 pages
Date of creation: 2008
Date of revision:
Germany; business cycle; unemployment; employment; Europe;
Find related papers by JEL classification:
- E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
- E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-10-21 (All new papers)
- NEP-EEC-2008-10-21 (European Economics)
- NEP-LAB-2008-10-21 (Labour Economics)
- NEP-MAC-2008-10-21 (Macroeconomics)
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