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European Economic Policies - Alternatives to Orthodox Analysis and Policy Concepts

European Economic Policies - Alternatives to Orthodox Analysis and Policy Concepts

Alternatives to Orthodox Analysis and Policy Concepts

Herausgegeben: Truger, Achim; Hein, Eckhard; Heise, Arne
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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...