Despite exporting more good and services than any other country in the world, economic growth in Germany has been slow through the nineties and the early twenty first century with low wage growth, rising unemployment and increasing public deficits. German unemployment was traditionally diagnosed as structural, neglecting macroeconomic causes of economic stagnancy in the economic policy debate. This book offers a fresh, innovative analysis of the German economic policy debate, containing essays from eight distinguished international economists.
These essays tackle various aspects of the German and European market, ranging from theoretical issues criticizing the narrowness of the debate, analyses of the real effects of monetary policies in the short and long run, fiscal policy contributions, wage policies, to family policies, arguing for a more expansionary macroeconomic policy to counteract economic stagnancy and improve prosperity in Germany and Europe.
1. Introductory Summary: Prosperity for Germany and Europe Ronald Schettkat 2. Broadening the Discussion of Macroeconomic Policy Robert M. Solow 3. Monetary Policy and the Real Economy Paul de Grauwe and Claudia Costa Storti 4. Germany in the Monetary Union, Charles Wyplosz 5. Reforms, Macroeconomic Policy and Economic Performance in Germany Wendy Carlin and David Soskice 6. Exportweltmeister: So What? - Better Goals for German Foreign Economic Policy Adam Posen 7. Wanted: A New German Wirtschaftswunder Richard B. Freeman
Routledge Studies in the European Economy is our home for cutting-edge, upper-level scholarly studies and edited collections. Featuring compact and well researched volumes of 150 to 300 pages, the series provides a range of content considering the European economy alongside history, politics, cultural studies, agriculture, education, globalisation, and other subjects, titles are characterized by dynamic interventions into established subjects and innovative studies on emerging topics.