Why do German and U.S. reactions to the financial crisis differ?
In: German politics and society, Band 29, Heft 4, S. 68-77
ISSN: 1045-0300, 0882-7079
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In: German politics and society, Band 29, Heft 4, S. 68-77
ISSN: 1045-0300, 0882-7079
World Affairs Online
In: Comparative European politics, Band 8, Heft 4, S. 477-490
ISSN: 1740-388X
In: German politics and society, Band 28, Heft 2, S. 82-101
ISSN: 1558-5441
This article investigates the progress that the eastern German economy has made since unification in two areas: unemployment and output. It finds that unemployment has remained persistently higher in eastern than in western Germany and output levels have remained extremely uniform across the eastern states. Keynesian and neoclassical economists have proposed differing explanations for the endurance of high unemployment in the East. The latter have the more convincing argument, which blames high initial wages in eastern Germany for producing a labor "trap," but this account is not without flaws. The best explanation for output uniformity is the content and volume of public investment in eastern Germany since unification. Public policy in the years immediately following unification is in large part responsible for both outcomes. Economic modeling indicates that wage subsidies targeted at low-income employment would be the most effective means to break the current high-unemployment equilibrium in eastern Germany, but the political barriers to adopting such a policy are just as formidable as they were a decade ago, when such a policy was briefly considered.
In: Comparative European politics: CEP, Band 8, Heft 4, S. 477-491
ISSN: 1472-4790
In: Handbuch Arbeitgeber- und Wirtschaftsverbände in Deutschland, S. 169-182
In: Journal of public policy, Band 24, Heft 2, S. 147-168
ISSN: 1469-7815
Now that time has passed since the introduction of the euro as a commercial currency, it is possible to assess many arguments made in the abstract during the 1990s about European monetary union. This article shows that the euro zone still falls short as an optimal currency area in most respects. In particular, it undertakes an empirical analysis of the labour market and finds no progress toward flexibility or integration. These results challenge assertions of 'endogenous currency area' proponents that the euro area would become optimal 'after the fact', and that labour markets would serve as the principal avenue of adjustment. Instead, a 'rigidity trap' has developed in the euro area, consisting of relatively tight monetary policy, forced fiscal consolidation, and a risk of deflation in some economies. These conditions have compounded the difficulties of structural adjustment in European labour markets.
In: Journal of public policy, Band 24, S. 147-168
ISSN: 0143-814X
In: German politics: Journal of the Association for the Study of German Politics, Band 11, Heft 1, S. 1-22
ISSN: 0964-4008
World Affairs Online
In: German politics and society, Band 19, Heft 4, S. 138-141
ISSN: 1558-5441
Wolfgang Schroeder, Das Modell Deutschland auf dem Prüfstand. Zur Entwicklung der industriellen Beziehungen in Ostdeutschland (1990-2000) (Wiesbaden: Westdeutscher Verlag, 2000)
In: German politics and society, Band 19, Heft 4, S. 138-141
ISSN: 1045-0300, 0882-7079
In: West European politics, Band 22, Heft 2, S. 167-181
ISSN: 1743-9655
In: German politics and society, Band 17, Heft 1, S. 84-93
ISSN: 1558-5441
A Texas wag once remarked, "Oilmen are like cats. You can't tell from the sound of them whether they're fighting or making love." German industrial relations are not much different. In the heat of collective bargaining, the Federal Republic's "social partners" (that is, trade unions and employers' associations) frequently exchange vitriolic barbs in public, while simultaneously engaging in pragmatic, professional negotiations behind closed doors.
In: West European politics, Band 22, Heft 2, S. 167-181
ISSN: 0140-2382
In: German politics and society, Band 17, Heft 1, S. 84-93
ISSN: 1045-0300, 0882-7079
In: Comparative politics, Band 29, Heft 2, S. 187
ISSN: 2151-6227