European Economic Policies - Alternatives to Orthodox Analysis and Policy Concepts
- Eckhard Hein() (Berlin School of Economics and Law, Germany)Arne Heise() (University of Hamburg, Germany)Achim Truger() (Macroeconomic Policy Institute (IMK) in the Hans Boeckler Foundation, Germany)Registered editor(s):
Since the final stage of European monetary integration in the mid-1990s, the member countries of the Euro area have been suffering from slow growth and high unemployment. On average, the Euro area’s economic performance has been unsatisfactory, in particular since the growth slow down in 2001. The only undisputed achievement of European monetary integration so far has been a remarkable reduction in the inflation rate. However, this reduction comes at the cost of a still present risk of deflation in some of the member countries of the European Monetary Union (EMU), particularly in Germany. What is most striking is the response of economic policy actors in Europe and mainstream economic policy advisers to the challenges posed by the current economic problems: They call for further structural reforms in the labour market and in the social benefit system. However, this would mean following a strategy which has been pursued for over 25 years in order to increase potential growth and to reduce structural unemployment. Monetary and fiscal policies have been downgraded in order to supply a stable environment – which means stable prices and low inflation expectations. In Germany the situation seems to be even more severe than in the rest of Europe. Mainstream economic policy advisers predominantly even deny short run real effects of macroeconomic policies. The present volume covers papers which are critical towards orthodox analysis and mainstream European economic policy concepts. They explore alternative approaches to achieve higher growth and lower unemployment. The first section assesses the reasons for slow growth and high unemployment in Europe. The second section concentrates on the problems associated with the enlargement of the European Union. Last but not least, the papers in the third section discuss alternative economic policy concepts.
|This book is provided by IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute in its series Conference proceedings of the Research Network Macroeconomics and Macroeconomic Policies (FMM) with number 9-2006 and published in 2006.|
|Contact details of provider:|| Postal: Hans-Böckler-Straße 39, 40476 Düsseldorf|
Phone: +49 211 7778 234
Fax: +49 211 7778 4234
Web page: http://www.imk-boeckler.de
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:imk:fmmcps:9-2006. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sabine Nemitz)
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.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.
Follow series, journals, authors & more
New papers by email
Subscribe to new additions to RePEc
Public profiles for Economics researchers
Various rankings of research in Economics & related fields
Who was a student of whom, using RePEc
Curated articles & papers on various economics topics
Upload your paper to be listed on RePEc and IDEAS
Blog aggregator for economics research
Cases of plagiarism in Economics
Job Market Papers
RePEc working paper series dedicated to the job market
Pretend you are at the helm of an economics department
Services from the StL Fed
Data, research, apps & more from the St. Louis Fed