Arbeitspapier | Working paper
Wage trends and deflation risks in Germany and Europe
"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." (author's abstract)
- Alternative title
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Lohnentwicklung und Deflationsrisiko in Deutschland und Europa
- Extent
-
Seite(n): 29
- Language
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Englisch
- Notes
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Status: Veröffentlichungsversion
- Bibliographic citation
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WSI-Diskussionspapier (124)
- Subject
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Wirtschaft
Wirtschaftspolitik
Bundesrepublik Deutschland
Lohnpolitik
Deflation
Arbeitskosten
Tarifverhandlung
Preis
Geldpolitik
Entwicklung
Arbeitsmarktentwicklung
Währungsunion
EU
Lohn
empirisch
empirisch-quantitativ
- Event
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Geistige Schöpfung
- (who)
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Hein, Eckhard
Schulten, Thorsten
Truger, Achim
- Event
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Veröffentlichung
- (who)
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Wirtschafts- und Sozialwissenschaftliches Institut in der Hans-Böckler-Stiftung
- (where)
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Deutschland, Düsseldorf
- (when)
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2004
- Handle
- Last update
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21.06.2024, 4:27 PM CEST
Data provider
This object is provided by:
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln. If you have any questions about the object, please contact the data provider.
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Hein, Eckhard
- Schulten, Thorsten
- Truger, Achim
- Wirtschafts- und Sozialwissenschaftliches Institut in der Hans-Böckler-Stiftung
Time of origin
- 2004
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Fiscal policy and rebalancing in the Euro area: A critique of the German debt brake from a Post-Keynesian perspective
Fiscal policy in the macroeconomic policy mix: A Critique of the New Consensus Model and a comparison of macroeconomic policies in France, Germany, the UK and Sweden from a Post-Keynesian perspective
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Fiscal Policy and Macroeconomic Performance in the Euro area - Lessons for the Future
Monetary policy, macroeconomic policy mix and economic performance in the Euro area
Special Issue: How to Cope With Divergence in an Enlarging European Union?
Macroeconomic policies, wage developments, and Germany's stagnation
Macroeconomic co-ordination as an economic policy concept : opportunities and obstacles in the EMU
Makroökonomische Politik in Deutschland, Großbritannien und Schweden
Wage trends and deflation risks in Germany and Europe
Unemployment, Wages and Collective Bargaining in the European Union
Unemployment, wages and collective bargaining in the European Union
Fiscal policy and rebalancing in the Euro area: A critique of the German debt brake from a Post-Keynesian perspective
Fiscal policy in the macroeconomic policy mix: A Critique of the New Consensus Model and a comparison of macroeconomic policies in France, Germany, the UK and Sweden from a Post-Keynesian perspective
Germany's post-2000 stagnation in the European context - a lesson in macroeconomic mismanagement
Fiscal Policy and Macroeconomic Performance in the Euro area - Lessons for the Future
Monetary policy, macroeconomic policy mix and economic performance in the Euro area
Special Issue: How to Cope With Divergence in an Enlarging European Union?
Macroeconomic policies, wage developments, and Germany's stagnation
Macroeconomic co-ordination as an economic policy concept : opportunities and obstacles in the EMU