Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/104016
Authors: 
Bernoth, Kerstin
Burauel, Patrick
Engler, Philipp
Year of Publication: 
2014
Citation: 
[Journal:] DIW Economic Bulletin [ISSN:] 2192-7219 [Volume:] 4 [Year:] 2014 [Issue:] 10 [Pages:] 12-18
Abstract: 
Member countries of the euro area, and the peripheral states in particular, face an especially difficult problem: on the one hand, they urgently need stronger economic growth to reduce high debt and unemployment levels. On the other hand, however, they have no scope to use fiscal policy to stimulate the economy. One way to strengthen economic growth without burdening public finances might be to implement a "fiscal devaluation." This concept includes reducing social security contributions for employers
Subjects: 
fiscal policy
fiscal devaluation
tax policy
trade balance
international competitiveness
and therefore ancillary wage costs
JEL: 
E62
F1
H2
Document Type: 
Article

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