Publications

Policy Note 2003/4 | August 2003

Pushing Germany Off the Cliff Edge

Germany’s fiscal crisis cannot be attributed to unification per se; it arose as a consequence of ill-guided macroeconomic policies pursued in response to that event. Many structural problems that popped up along the way were mere symptoms of persistent macroeconomic mismanagement and protracted stagnation. Since Germany provided the blueprint for Europe's stability-oriented macroeconomic policy regime, the risk is that the “German disease” is spreading throughout the regime and, potentially, beyond Europe.


Publication Highlight

Public Policy Brief No. 142
Full Employment: Are We There Yet?
Author(s): Flavia Dantas, L. Randall Wray
February 2017

Quick Search

Search in: