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dc.contributor.authorTruger, Achimen
dc.contributor.authorHein, Eckharden
dc.date.accessioned2009-01-28T16:24:03Z-
dc.date.available2009-01-28T16:24:03Z-
dc.date.issued2004-
dc.identifier.urihttp://hdl.handle.net/10419/21567-
dc.description.abstractThis paper traces the euro zone's inadequate macroeconomic performance in recent years back to the predominance of a restrictive macroeconomic policy mix based on a 'new monetarist' approach to economic policy. An approach based on a (post-)Keynesian analysis is presented as a growth and employment-oriented alternative to this restrictive policy mix. Contrary to the strict assignment of macroeconomic goals to the macroeconomic policy actors and their instruments in the 'new monetarist' approach, the alternative requires the coordination of monetary, fiscal and wage policies in order to achieve growth, high employment and price stability. The paper examines the opportunities for and the obstacles to macroeconomic co-ordination given by the institutional framework of the European Monetary Union.en
dc.language.isoengen
dc.publisher|aHans-Böckler-Stiftung, Wirtschafts- und Sozialwissenschaftliches Institut (WSI) |cDüsseldorfen
dc.relation.ispartofseries|aWSI-Diskussionspapier |x125en
dc.subject.jelE64en
dc.subject.jelE65en
dc.subject.jelE61en
dc.subject.jelE63en
dc.subject.ddc330en
dc.subject.keywordMacroeconomic policy co-ordinationen
dc.subject.keywordEuropean Monetary Unionen
dc.subject.keywordmonetary policyen
dc.subject.keywordfiscal policyen
dc.subject.keywordwages policyen
dc.subject.stwKonjunkturpolitiken
dc.subject.stwInternationale wirtschaftspolitische Koordinationen
dc.subject.stwEuropäische Wirtschafts- und Währungsunionen
dc.subject.stwGlobalsteuerungen
dc.subject.stwEU-Staatenen
dc.titleMacroeconomic co-ordination as an economic policy concept : opportunities and obstacles in the EMU-
dc.typeWorking Paperen
dc.identifier.ppn391044885en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:wsidps:125en

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