Titlebook: Wages, Employment, Distribution and Growth; International Perspe Eckhard Hein (Senior Researcher, Visiting Professo Book 2006 Palgrave Macm

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Deflation Risks in Germany and the EMU: The Role of Wages and Wage Bargaining,3). A further fall in inflation would therefore significantly increase the danger of deflation and a cumulative deflationary spiral. In its April 2003 Task Force Report, the IMF named Germany alongside Japan, Taiwan and Hong Kong as one of the economies most at risk from deflation worldwide (IMF 2003).

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Introduction,nd employment, the effects of wages on distribution, and the relation between distribution and growth. However, taking a look at the state of mainstream economics today, all of these debates seem to have been resolved by and large. In New Classical as well as in mainstream New Keynesian Economics th

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Labour-Market Flexibility and Economic Expansion,his is especially true of Germany, which acted as the economic powerhouse in the consolidation of the European Union. It is all the more paradoxical that advanced market democracies can live with high unemployment placing relatively little emphasis on this problem, except perhaps at times of electio

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The Causes of High Unemployment: Labour-Market Sclerosis ,. Macroeconomic Policy,8.1 per cent as of August 2004, while the unemployment rate in the 12-country euro-zone area was 9.0 per cent. Moreover, European unemployment rates have been stuck at these levels for several years. In stark contrast, the US unemployment rate touched a 30-year low of 3.9 per cent in September 2000,

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