Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/21566 
Erscheinungsjahr: 
2004
Schriftenreihe/Nr.: 
WSI-Diskussionspapier No. 124
Verlag: 
Hans-Böckler-Stiftung, Wirtschafts- und Sozialwissenschaftliches Institut (WSI), Düsseldorf
Zusammenfassung: 
Based on a post-Keynesian model of the relationship between wages, prices and employment, this paper begins by studying the extent to which unit labour cost trends have been responsible for disinflation and deflationary tendencies in Germany and Europe. Thereafter, the reasons for the deflationary development of unit labour costs in recent years, in particular in Germany, are analysed. Finally, the impact of deflationary wage policies on German and European stagnation are discussed and it is concluded that the excessive wage restraint in Germany not only exacerbates stagnation and deflationary tendencies in Germany but might also have a deflationary impact on the other EMU countries.
Schlagwörter: 
Wage trends
deflation
collective bargaining
JEL: 
E50
E31
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
411.82 kB





Publikationen in EconStor sind urheberrechtlich geschützt.