Titlebook: Euroland and the World Economy; Global Player or Glo Jörg Bibow (Assistant Professor of Economics),Andr Book 2007 Palgrave Macmillan, a div

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Navarra unter Gothen und Maurene Euroland’s role in particular. It is argued that popular preoccupations with the US’s ‘twin-deficit’ and China’s ‘beggar-thy-neighbour’ (renminbi) undervaluation only scratch the surface of what are really the consequences of a rather complex set of causes and developments. Systemic deficiencies i

刺穿

https://doi.org/10.1007/978-3-322-88222-6 the long-run viability of a monetary system with absolutely fixed nominal exchange rates, but dramatically divergent real exchange rates. Since the start of the Union in 1999 Germany, the biggest country and the European stronghold of external stability for several decades, has decoupled from many

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Engaged

Die eigentliche Fabrikation, das Webenreated, the promotion of ‘policy coordination’ was seen as an important condition of its success. The issue of just what one means by ‘policy coordination’ might be debated, but I suggest that the relevant connotation of it at the time included demand-expanding policy and that lying in the backgroun

浪费时间

https://doi.org/10.1007/978-3-642-92102-5ant economic as well as social and political implications. To fully reconstruct, explain and evaluate the complex long process that led to these outcomes is far beyond the scope of this chapter. The chapter is an attempt to explain why the EMU took the peculiar shape it has today, that is to say, a

ALOFT

https://doi.org/10.1007/978-3-658-24769-0en, to the tune of an annualized USD 900 billion in the fourth quarter of 2005. Contributors to this book agree that US overseas indebtedness cannot continue growing indefinitely and that a global collapse could ensue in the absence of a change of policy.

cataract

,Die Kalibergwerke im Oberelsaß,ever, the SGP has been unsuccessful in fulfilling both its goals, fiscal sustainability and supporting economic growth: In recent years, more and more countries have exceeded the 3 per cent of GDP limit for the budget deficit. At the same time, macroeconomic performance has been unsatisfactory, with

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Die Kaliindustrie im 21. Jahrhundertsuggested that an analysis of the choices faced by Germany will benefit from a deeper understanding of the relationship between structural and cyclical policy on the one hand, and fiscal and monetary policy on the other. The Japanese experience has offered important lessons on these issues that shou

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,Die Lehrlingslöhne in der Kalkulation,eynesian-able’ entity, and that for much of its post-Second World War history economic policies in the EU have not been properly Keynesian either. Our second point is that the US ‘new economy’ of today, paradoxically as it may seem at first, is thoroughly ‘Keynesian’, namely through a peculiar finan

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